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

Key Points

• Pason Systems Inc. declared a quarterly dividend of $0.13 per share, to be paid to stockholders on September 29th, reflecting a dividend yield of 4.4%.
• The company's stock is currently rated as a "Hold" by analysts, with a consensus target price of C$16.63.
• Pason Systems has experienced stock fluctuations with a 12-month range between C$10.43 and C$15.47, indicating ongoing market interest and activity.

Pason Systems Inc. (TSE:PSI - Get Free Report) announced a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Stockholders of record on Monday, September 29th will be paid a dividend of 0.13 per share on Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 15th.

Pason Systems Stock Performance

Shares of PSI traded up C$0.11 during trading hours on Friday, reaching C$11.92. 122,156 shares of the company traded hands, compared to its average volume of 155,303. The stock has a market capitalization of C$930.42 million, a P/E ratio of 12.82, a P/E/G ratio of 10.78 and a beta of 0.73. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. Pason Systems has a 12-month low of C$10.43 and a 12-month high of C$15.47. The business has a fifty day moving average price of C$11.87 and a 200-day moving average price of C$12.04.

Analysts Set New Price Targets

Separately, TD Securities lowered shares of Pason Systems from a "buy" rating to a "hold" rating and set a C$13.00 price target on the stock. in a report on Friday, July 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$16.63.

About Pason Systems

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.

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