Archrock: Dividend Insights
Portfolio Pulse from Benzinga Insights
Archrock (NYSE:AROC) announced a quarterly dividend of 16.5 cents per share, with the ex-dividend date set for Monday. Shareholders owning AROC by the end of Friday's session will be eligible for the dividend, which will be paid on February 13, 2024. The stock is expected to open 16.5 cents lower on the ex-dividend date.
January 31, 2024 | 2:45 pm
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Archrock will pay a quarterly dividend of 16.5 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock is expected to open lower on the ex-dividend date as the dividend amount is subtracted from the stock's price, which is a common occurrence on ex-dividend dates. This adjustment reflects the payout of the dividend and is typically priced into the stock.
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