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Apache Corp Declares Cash Dividends On Common And Preferred Shares
Apache Corp announced that the Board of Directors of the Company have 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 August 22, 2012, to stockholders of record on July 23, 2012, at the rate of $0.17 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 August 1, 2012, to holders of record on July 15, 2012, at the rate of $15 per share, which is equivalent to $0.75 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.
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