Anadarko Declares Quarterly Dividends on Common and Preferred Stock.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 31, 2003 The Board of Directors of Anadarko Petroleum Corporation Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. (NYSE NYSE See: New York Stock Exchange :APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ) has declared quarterly dividends on two classes of the company's stock. A dividend of 10 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. was declared on the company's outstanding common stock, payable on March 26, 2003, to stockholders of record at the close of business on March 12, 2003. A dividend of $13.65 per share (equivalent to $1.365 per Depositary Share) was declared on the company's 5.46% Series B Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. , payable on March 31, 2003, to stockholders of record at the close of business on March 14, 2003. The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and other factors. The Board of Directors will determine dividends on a quarterly basis.
ANADARKO PETROLEUM CORPORATION (NYSE:APC)
5.46% Series B
Common Stock Cumulative Preferred Stock
Record Date: March 12, 2003 March 14, 2003
Payment Date: March 26, 2003 March 31, 2003
Amount: 10 cents per share $13.65 per share
(equivalent to $1.365 per
Depositary Share)
Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Houston-based Anadarko is active in the U.S., Canada, Algeria and Qatar and is executing strategic exploration programs in several other countries. More information is available at www.anadarko.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion