Why APA Stock Rocked the Market Today

Investors were energetically bullish about energy stock APA (NASDAQ: APA) on Wednesday. They were cheered by the company's latest dividend declaration, not to mention an analyst's price-target raise. These factors pushed APA stock well higher; it closed the day well in the black with a 7.5% improvement. That was several orders of magnitude higher than the S&P 500 index's 0.3% advance. Just after market close on Tuesday, APA declared a new quarterly stockholder payout of $0.25 per share. This is to be dispensed on Nov. 21 to investors of record as of Oct. 22. This maintains one of the steadiest and most reliable dividend policies in the oil and gas industry. APA has paid the same $0.25 since early 2024; prior to that, it handed out $0.20. At the most recent closing stock price, this yields 4.3%. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool