Apache Declares Cash Dividends on Common and Preferred Shares
OREANDA-NEWS. June 4, 2012. The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) has declared regular cash dividends on the company's common shares and 6% Mandatory Convertible Preferred Stock, Series D.
The dividend on common shares is payable on Aug. 22, 2012, to stockholders of record on July 23, 2012, at the rate of 17 cents per share.
The company also announced the regular cash dividend on the 6% Mandatory Convertible Preferred Stock, Series D. The dividend on the Series D preferred stock is payable Aug. 1, 2012, to holders of record on July 15, 2012, at the rate of USD 15 per share, which is equivalent to 75 cents per depositary share, each representing 1/20th of a share of Series D preferred stock. The depositary shares are traded on the New York Stock Exchange under the ticker APA/PD.
Apache Corporation is an oil and gas exploration and production company with operations in the