OREANDA-NEWS. February 13, 2014. The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) today announced that it has raised the regular quarterly cash dividend on the company's common shares to 25 cents per share, an increase of 25 percent.

The latest increase follows an 18-percent increase in the quarterly dividend approved in 2013 and a 13-percent increase approved in 2012.

"Apache's portfolio has been rebalanced to emphasize predictable and profitable growth, particularly from our oil- and liquids-rich onshore North American assets," said G. Steven Farris, chairman of the board and chief executive officer. "The board significantly increased the dividend again this year because it has confidence in Apache's ability to execute our future growth plans."

The dividend on common shares is payable on May 22, 2014, to stockholders of record on April 22, 2014. Apache has paid a common dividend to stockholders since 1965.