Pason Systems Inc. (TSE:PSI) Announces $0.13 Quarterly Dividend

Pason Systems Inc. (TSE:PSI - Get Free Report) declared a quarterly dividend on Monday, March 17th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.13 per share on Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, March 17th.

Pason Systems Stock Up 2.3 %

PSI traded up C$0.29 during midday trading on Wednesday, reaching C$13.15. The company's stock had a trading volume of 82,343 shares, compared to its average volume of 145,094. Pason Systems has a 1 year low of C$11.84 and a 1 year high of C$18.59. The stock's 50-day moving average is C$13.40 and its 200-day moving average is C$13.74. The firm has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 10.78 and a beta of 1.58. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19.

Wall Street Analyst Weigh In

Separately, National Bankshares lowered their price objective on Pason Systems from C$20.00 to C$19.50 and set a "sector perform" rating for the company in a research note on Thursday, December 19th.

Pason Systems Company Profile

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.