Archrock, Inc. Announces Quarterly Dividend of $0.21 (NYSE:AROC)

Key Points

• Archrock, Inc. declared a quarterly dividend of $0.21 per share, with shareholders of record set to be paid on November 13th, representing an annualized yield of 3.3%.
• The company has a payout ratio of 41.3%, indicating a stable dividend coverage by earnings, with future estimates predicting a payout ratio of 55.5% for the upcoming year.
• Archrock's stock price increased by 0.9% recently, with a current trading price of $25.46 and a market cap of $4.48 billion.

Archrock, Inc. (NYSE:AROC - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.21 per share by the energy company on Thursday, November 13th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, November 4th.

Archrock has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 55.5%.

Archrock Stock Up 0.9%

Shares of AROC stock opened at $25.46 on Friday. Archrock has a 12 month low of $19.73 and a 12 month high of $30.44. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The firm has a market cap of $4.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. The stock has a 50 day moving average of $24.77 and a 200-day moving average of $24.33.

Archrock (NYSE:AROC - Get Free Report) last announced its earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $383.15 million for the quarter, compared to analyst estimates of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. Archrock's revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts predict that Archrock will post 1.09 EPS for the current year.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.

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