Anadarko declares 18-cent dividend

The Board of Directors of Anadarko Petroleum Corporation (NYSE: APC) has declared an 18-cent cash dividend on the company’s common stock paid March 26 to stockholders of record as of March 12.

Anadarko, which explores for oil and natural gas in Weld County, posted a fourth-quarter loss of $770 million vs. earnings of $203 million during the same period a year earlier. The Woodlands, Texas, company earned $801 million during 2013 vs. $2.4 billion in 2012.

The company blamed lower earnings on a lawsuit related to spinoff Tronox Inc. in which damages could amount to $14.5 billion.

Anadarko, based in The Woodlands, Texas, will invest $1.7 billion, up from $1.5 billion in 2013, in Northern Colorado.

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