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

Pason Systems Inc. (TSE:PSI - Get Free Report) declared a quarterly dividend on Monday, June 16th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.13 per share on Monday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, June 16th.

Pason Systems Stock Performance

Shares of TSE:PSI traded up C$0.12 during midday trading on Tuesday, reaching C$12.93. 131,761 shares of the company traded hands, compared to its average volume of 157,742. The firm's fifty day moving average price is C$11.72 and its two-hundred day moving average price is C$12.81. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. Pason Systems has a 12 month low of C$10.43 and a 12 month high of C$18.59.

Insider Transactions at Pason Systems

In other news, Senior Officer Celine Boston sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$12.75, for a total transaction of C$63,750.00. Also, Director James Lee Bowzer acquired 2,500 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of C$11.32 per share, for a total transaction of C$28,303.88. Over the last 90 days, insiders have sold 24,900 shares of company stock worth $303,440. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PSI shares. Royal Bank of Canada lowered their price objective on shares of Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. TD Securities decreased their target price on shares of Pason Systems from C$16.00 to C$13.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th.

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.