By the close of today, February 13, 2024, Archrock AROC will issue a dividend payout of $0.17 per share, resulting in an annualized dividend yield of 4.16%. Only those investors who owned the stock prior to the ex-dividend date on February 05, 2024 will receive this payout.
Archrock Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-05 | 4 | $0.17 | 4.16% | 2024-01-25 | 2024-02-06 | 2024-02-13 |
| 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 |
When comparing Archrock's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer USA Compression Partners USAC having the highest annualized dividend yield at 8.79%.
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
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $0.58 in 2020 to $0.61 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Archrock
The earnings chart displays a decline in Archrock's earnings per share, decreasing from $1.04 in 2020 to $0.53 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
In this article, we explore the recent dividend payout of Archrock and its significance for shareholders. The company has decided to distribute a dividend of $0.17 per share today, which equates to an annualized dividend yield of 4.16%.
When comparing Archrock's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer USA Compression Partners having the highest annualized dividend yield at 8.79%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, Archrock seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
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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