Looking at the universe of stocks we cover at Dividend Channel, on 5/6/24, Archrock Inc (Symbol: AROC) will trade ex-dividend, for its quarterly dividend of $0.165, payable on 5/14/24. As a percentage of AROC’s recent stock price of $19.50, this dividend works out to approximately 0.85%, so look for shares of Archrock Inc to trade 0.85% lower — all else being equal — when AROC shares open for trading on 5/6/24.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AROC is likely to continue, and whether the current estimated yield of 3.38% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of AROC shares, versus its 200 day moving average:
Looking at the chart above, AROC’s low point in its 52 week range is $8.781 per share, with $21.40 as the 52 week high point — that compares with a last trade of $20.09.
Free Report: Top 8%+ Dividends (paid monthly)
In Thursday trading, Archrock Inc shares are currently up about 1.6% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
