APA Corporation (NASDAQ:APA) Plans Quarterly Dividend of $0.25

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Wednesday, July 22nd will be given a dividend of 0.25 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd.

APA has raised its dividend payment by an average of 0.2%annually over the last three years. APA has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect APA to earn $3.37 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 29.7%.

APA Price Performance

NASDAQ APA opened at $39.32 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s fifty day moving average price is $38.62 and its 200 day moving average price is $30.45. APA has a 1 year low of $16.15 and a 1 year high of $45.66. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 9.17 and a beta of 0.38.

APA (NASDAQ:APA) last released its earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned $1.06 EPS. The firm’s revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts forecast that APA will post 5.2 earnings per share for the current year.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.