By the close of today, November 14, 2023, Archrock AROC will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 4.85%. Only those investors who owned the stock prior to the ex-dividend date on November 06, 2023 will receive this payout.
Archrock Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-06 | 4 | $0.15 | 4.85% | 2023-10-26 | 2023-11-07 | 2023-11-14 |
| 2023-08-07 | 4 | $0.15 | 5.57% | 2023-07-27 | 2023-08-08 | 2023-08-15 |
| 2023-05-08 | 4 | $0.15 | 6.08% | 2023-04-28 | 2023-05-09 | 2023-05-16 |
| 2023-02-06 | 4 | $0.15 | 6.4% | 2023-01-26 | 2023-02-07 | 2023-02-14 |
| 2022-11-07 | 4 | $0.14 | 7.84% | 2022-10-27 | 2022-11-08 | 2022-11-15 |
| 2022-08-08 | 4 | $0.14 | 6.82% | 2022-07-28 | 2022-08-09 | 2022-08-16 |
| 2022-05-09 | 4 | $0.14 | 6.58% | 2022-04-28 | 2022-05-10 | 2022-05-17 |
| 2022-02-07 | 4 | $0.14 | 6.81% | 2022-01-27 | 2022-02-08 | 2022-02-15 |
| 2021-11-08 | 4 | $0.14 | 6.99% | 2021-10-28 | 2021-11-09 | 2021-11-16 |
| 2021-08-06 | 4 | $0.14 | 6.86% | 2021-07-28 | 2021-08-09 | 2021-08-16 |
| 2021-05-07 | 4 | $0.14 | 6.18% | 2021-04-28 | 2021-05-10 | 2021-05-17 |
| 2021-02-05 | 4 | $0.14 | 6.16% | 2021-01-27 | 2021-02-08 | 2021-02-16 |
With a dividend yield that places it neither at the top nor the bottom, Archrock finds itself in the middle among its industry peers, while Kodiak Gas Services KGS boasts the highest annualized dividend yield at 8.56%.
Analyzing Archrock Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.55 in 2019 to $0.58 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Archrock
The earnings chart above reveals a decrease in Archrock's earnings per share, declining from $0.50 in 2019 to $0.26 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we delve into Archrock's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.15 per share today, resulting in an annualized dividend yield of 4.85%.
With a dividend yield that places it neither at the top nor the bottom, Archrock finds itself in the middle among its industry peers, while Kodiak Gas Services boasts the highest annualized dividend yield at 8.56%.
Given that Archrock has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Monitor live stock price updates for Archrock on Benzinga.](https://www.benzinga.com/quote/Archrock (NYSE: AROC))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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