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

Pason Systems Inc. (TSE:PSI - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.13 per share on Tuesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, December 17th.

Pason Systems Stock Performance

PSI traded up C$0.30 on Friday, hitting C$15.03. The company's stock had a trading volume of 219,065 shares, compared to its average volume of 140,512. The company's 50 day simple moving average is C$13.79 and its 200-day simple moving average is C$15.47. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41. Pason Systems has a 12 month low of C$12.33 and a 12 month high of C$18.59. The firm has a market cap of C$1.20 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58.

Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.14 EPS for the quarter. Pason Systems had a return on equity of 26.63% and a net margin of 30.14%. The firm had revenue of C$95.86 million during the quarter, compared to analyst estimates of C$90.20 million. Analysts forecast that Pason Systems will post 1.229765 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BMO Capital Markets reduced their target price on Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 4th. TD Securities reduced their price objective on shares of Pason Systems from C$20.00 to C$18.00 and set a "buy" rating for the company in a research note on Tuesday, October 8th. Finally, Barclays lowered their target price on shares of Pason Systems from C$15.00 to C$13.00 in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pason Systems presently has a consensus rating of "Moderate Buy" and an average target price of C$17.50.

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.