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

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.13 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Pason Systems Price Performance

Shares of PSI traded up C$0.11 on Friday, reaching C$14.73. The stock had a trading volume of 71,640 shares, compared to its average volume of 245,493. The firm has a 50-day moving average of C$13.50 and a 200 day moving average of C$13.40. The firm has a market capitalization of C$1.14 billion, a PE ratio of 23.76, a PEG ratio of 10.78 and a beta of 0.60. Pason Systems has a twelve month low of C$11.33 and a twelve month high of C$15.47. The company has a quick ratio of 3.54, a current ratio of 2.29 and a debt-to-equity ratio of 5.51.

Pason Systems (TSE:PSI) last posted its earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$100.78 million for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. Sell-side analysts expect that Pason Systems will post 1.229765 EPS for the current year.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.