Apache raises quarterly dividend by 18 percent

Apache increases quarterly dividend to 20 cents per share

Associated Press

HOUSTON (AP) -- Oil and gas exploration and production company Apache is increasing its quarterly dividend by 18 percent, to 20 cents per share.

Apache Corp. said Tuesday that the dividend will be paid on May 22 to shareholders of record on April 22.

Shares of the Houston company rose 40 cents to $84.21 in afternoon trading.

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