HOUSTON, Feb. 15 /PRNewswire-FirstCall/ -- The Board of Directors of
Apache Corporation (NYSE, Nasdaq: APA) has declared a special cash dividend
of 10 cents per common share.
"In recognition of exceptional operational performance, financial
results and share price gains in 2007, the board of directors wanted to
share the rewards with our employees and our shareholders," said Raymond
Plank, chairman and founder. "Because of uncertainties related to global
economic conditions and the U.S. elections, the board did not increase the
regular quarterly dividend at this time."
The special dividend on the common shares is payable on March 18, 2008,
to stockholders of record on Feb. 26, 2008.
The board also declared the regular cash dividends on the company's
common shares and Series B Cumulative Preferred Stock.
The regular dividend on the common shares is payable on May 22, 2008,
to stockholders of record on April 22, 2008, at the rate of 15 cents per
share.
The dividend on the Series B preferred stock is payable April 30, 2008,
to holders of record on April 15, 2008. The payment will be $14.20 per
share, which is equivalent to $1.42 per depository share, each representing
1/10th of a share of Series B preferred stock. The Series B preferred is
not currently listed on any exchange.
Apache Corporation is an oil and gas exploration and production company
with operations in the United States, Canada, Egypt, the United Kingdom
North Sea, Australia and Argentina.
APA-F
SOURCE Apache Corporation
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Related links:
http://www.apachecorp.com
CONTACT:
Media, Bill Mintz, +1-713-296-7276, Investor,
Robert Dye, +1-713-296-6662, David Higgins, +1-713-296-6690, all
of Apache Corporation
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