Apache (NYSE:APA)is continuing its long tradition of shareholder payouts. The company has declared a regular dividend of $0.20 per share, to be handed out on November 22 to holders of record as of October 22. That amount matches both of the firm's two preceding distributions, the most recent of which was paid in August.
The firm is an extremely steady and reliable dividend payer, having first distributed a payout in April 1972. Since a two-for-one stock split effected in January 2004, its disbursement has ranged from $0.06, to the present level.
The just-declared dividend annualizes to $0.80 per share. That yields 0.9% at Apache's most recent closing stock price of $88.47.
Fool contributor Eric Volkman has no position in Apache. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.