Archrock Announces Quarterly Cash Dividend, Payable on February 14, 2018
January 19, 2018 at 05:32 am IST
Share
Archrock Inc. announced that its Board of Directors has declared a dividend of $0.12 per share of common stock, a rate of $0.48 per share on an annualized basis, to be paid on February 14, 2018 to stockholders of record at the close of business on February 8, 2018. The fourth quarter 2017 dividend to be paid in February 2018 is unchanged from the third quarter 2017 dividend.
Archrock, Inc. is an energy infrastructure company with a primary focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the energy industry throughout. the United States. It is a supplier of aftermarket services to customers that own compression equipment. Its segments include Contract Operations and Aftermarket Services. The Contract Operations business is comprised of its owned fleet of natural gas compression equipment that it use to provide operations services to its customers. The aftermarket services business provides a full range of services to support the compression needs of its customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It provides comprehensive contract operations services, such as personnel, equipment, tools, materials and supplies to meet its customerâs natural gas compression needs.