Archrock Remains Committed to Investors, Upholding Stability during Decreased Earnings
Portfolio Pulse from Benzinga Insights
Archrock (NYSE:AROC) is set to pay a dividend of $0.15 per share on August 15, 2023, with an annualized dividend yield of 5.57%. The company's dividend yield is mid-range compared to its industry peers, with USA Compression Partners (NYSE:USAC) having the highest annualized dividend yield at 10.43%. Despite a decrease in earnings per share from $0.50 in 2019 to $0.26 in 2022, Archrock has increased its dividend per share from $0.55 to $0.58 over the same period.
August 15, 2023 | 3:05 pm
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NEUTRAL IMPACT
Archrock's dividend payout and yield may attract income-seeking investors despite the decrease in earnings per share.
The company's decision to increase dividends despite decreased earnings suggests a strategic focus on shareholder returns. However, the decreased earnings could impact future cash dividend payouts, making it important for investors to closely monitor the company's financial health.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
USA Compression Partners has the highest annualized dividend yield in the industry at 10.43%.
The high annualized dividend yield could make USA Compression Partners attractive to income-seeking investors. However, the company's financial health and dividend sustainability should also be considered.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50