Anadarko issues dividend as it prepares to be acquired by Occidental Petroleum

 

Days after accepting Occidental Petroleum’s $57 billion acquisition offer, the board of directors at Anadarko Petroleum Corporation announced a 30-cent-a-share dividend.

The board said the dividend will be payable June 26, 2019 to those stockholders of record at the close of business on June 12, 2019.

The dividends are determined on a quarterly basis. The dividend declared at the fourth quarter 2018 was also 30 cents. The three previous quarterly dividends for 2018 were 25 cents each.

Meanwhile, the Occidental purchase has left business leaders wondering what the impact will be in Houston where Anadarko has 3,600 employees.

The Community Impact newspaper in Houston explored the subject.

Click here to read the story.

 

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