Kodiak Gas Services raises quarterly dividend 8% to 41c per share

Kodiak Gas Services announced that its board of directors has approved an 8% increase in the quarterly cash dividend to 41c per share of common stock for the second quarter of 2024. This Common Stock Dividend will be paid on August 16, 2024 to all stockholders of record as of the close of business on August 12, 2024. Mickey McKee, Kodiak’s President and Chief Executive Officer, commented “returning capital to stockholders is a key element of our capital allocation strategy. The dividend increase we announced today reflects the enhanced cash flow generated by the industry’s largest contract compression fleet and our confidence in the outlook for the compression market.”