Pason Systems Inc. Plans Monthly Dividend of $0.18 (TSE:PSI)

Pason Systems Inc. (TSE:PSI) declared a monthly dividend on Thursday, June 13th, TickerTech reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.18 per share on Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.40%. The ex-dividend date is Thursday, June 13th.

Shares of PSI stock traded up C$0.01 during trading hours on Friday, reaching C$18.94. 138,200 shares of the company’s stock were exchanged, compared to its average volume of 125,881. The company has a market cap of $1.63 billion and a price-to-earnings ratio of 23.38. Pason Systems has a 1 year low of C$17.18 and a 1 year high of C$24.57. The company has a current ratio of 8.61, a quick ratio of 8.05 and a debt-to-equity ratio of 4.14.

Pason Systems (TSE:PSI) last issued its earnings results on Wednesday, May 1st. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.05. The business had revenue of C$82.14 million for the quarter, compared to analysts’ expectations of C$74.40 million. On average, equities analysts forecast that Pason Systems will post 0.9689996 earnings per share for the current fiscal year.

Separately, National Bank Financial raised Pason Systems from a “sector perform overweight” rating to an “outperform overweight” rating and set a C$23.50 target price for the company in a research note on Thursday, May 2nd.

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About Pason Systems

Pason Systems Inc provides instrumentation and data management systems for drilling rigs. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.

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Dividend History for Pason Systems (TSE:PSI)

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