Anadarko raises dividend to 25c per share, expands share repurchase program
Anadarko Petroleum announced a quarterly cash dividend on the company's common stock of 25c per share, an increase of 20c per share versus the previous quarter. The dividend is payable March 28, 2018, to stockholders of record at the close of business on March 14, 2018. In addition, the board of directors authorized a $500-million increase to Anadarko's previously announced $2.5 billion share-repurchase program, bringing the total repurchase program to $3.0 billion. As of Feb. 5, 2018, the company had completed $1.6 billion of repurchases under the program totaling more than 30 million shares. In addition, Anadarko intends to reduce outstanding indebtedness by more than $1 billion by retiring 2018 and 2019 debt maturities at par.