OREANDA-NEWS. February 19, 2013. The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) announced that it has raised the regular quarterly cash dividend on the company's common shares to 20 cents per share, an increase of 18 percent, reported the press-centre of Apache. 

"Given the strong cash-flow generating capacity of Apache's portfolio and its solid financial position, Apache's Board of Directors decided to increase the dividend again this year. Our balanced mix of oil and gas properties and opportunities, both near- and long-term, provides confidence in Apache's future and the ability to execute our growth plans," said G. Steven Farris, Apache's chairman and chief executive officer.

The dividend on common shares is payable on May 22, 2013, to stockholders of record on April 22, 2013. Apache has paid a common dividend to stockholders since 1965.

The company also announced the regular cash dividend on the 6% Mandatory Convertible Preferred Stock, Series D. The dividend on the Series D preferred stock is payable May 1, 2013, to holders of record on April 15, 2013, at the rate of USD15 per share, which is equivalent to 75 cents per depositary share, each representing 1/20th of a share of Series D preferred stock.  The depositary shares are traded on the New York Stock Exchange under the ticker APA/PD.