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

by · The Markets Daily

Pason Systems Inc. (TSE:PSI – Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.13 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Pason Systems Stock Up 0.8%

Shares of Pason Systems stock traded up C$0.11 during trading on Friday, hitting C$14.73. 71,640 shares of the stock traded hands, compared to its average volume of 245,493. Pason Systems has a 52-week low of C$11.33 and a 52-week high of C$15.47. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51. The firm has a market cap of C$1.14 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 10.78 and a beta of 0.60. The stock’s fifty day simple moving average is C$13.50 and its 200 day simple moving average is C$13.40.

Pason Systems (TSE:PSI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$100.78 million during the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. On average, equities analysts predict that Pason Systems will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Company Profile

(Get Free Report)

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.

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