PHX Minerals Inc. (NYSE:PHX - Get Free Report) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.04 per share by the oil and gas producer on Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Monday, March 17th.
PHX Minerals has increased its dividend payment by an average of 51.8% annually over the last three years. PHX Minerals has a payout ratio of 51.6% indicating that its dividend is sufficiently covered by earnings.
PHX Minerals Stock Performance
NYSE:PHX traded up $0.09 during midday trading on Monday, reaching $4.02. The stock had a trading volume of 73,830 shares, compared to its average volume of 87,201. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock has a market cap of $150.67 million, a P/E ratio of 30.93 and a beta of 0.51. The firm has a fifty day simple moving average of $3.97 and a two-hundred day simple moving average of $3.74. PHX Minerals has a 12-month low of $3.01 and a 12-month high of $4.24.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of PHX Minerals in a report on Monday, March 10th. They set a "hold" rating for the company.
View Our Latest Research Report on PHX Minerals
PHX Minerals Company Profile
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PHX Minerals Inc operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company sells its products to various purchasers, including pipeline and marketing companies.
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