NYSE:AROCEnergy Services
Archrock Dividend Hike Meets Strong Momentum And Valuation Upside Potential
Archrock (NYSE:AROC) has announced that its Board of Directors approved an increase to the company’s quarterly dividend.
The new dividend rate will apply to the upcoming quarterly payout to Archrock shareholders.
For income focused investors watching energy infrastructure names, Archrock’s higher dividend stands out alongside a share price of $32.35. The stock has shown strong momentum recently, with a 7 day return of 8.4% and a 30 day return of 25.6%. Over the past 3 years, the return has...