This is the fourth consecutive year in which Apache has increased its common stock cash dividend. The company also paid a 10 percent common stock dividend in 2002, a 5 percent common stock dividend in 2003 and split its common stock two-for-one in 2004.
The dividend on the common shares is payable Nov. 22, 2005, to stockholders of record on Oct. 24, 2005.
The Board declared a regular cash dividend on Apache's Series B Cumulative Preferred Stock, payable Nov. 1, 2005, to holders of record on Oct. 15, 2005. 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 a large independent oil and gas company with core operations in the United States, Canada, Egypt, Australia and the United Kingdom sector of the North Sea.
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