PHX Minerals Inc. (NYSE:PHX) Plans $0.04 Quarterly Dividend

PHX Minerals Inc. (NYSE:PHX) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.04 per share by the oil and gas producer on Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Monday, March 17th.

PHX Minerals has increased its dividend by an average of 51.8% per year over the last three years. PHX Minerals has a payout ratio of 59.3% indicating that its dividend is sufficiently covered by earnings.

PHX Minerals Stock Down 1.3 %

PHX Minerals stock traded down $0.05 during midday trading on Thursday, reaching $3.88. The stock had a trading volume of 86,881 shares, compared to its average volume of 59,322. The stock has a market capitalization of $145.43 million, a P/E ratio of 29.85 and a beta of 0.51. The firm’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $3.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. PHX Minerals has a 1-year low of $2.96 and a 1-year high of $4.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of PHX Minerals in a research report on Monday. They issued a “hold” rating on the stock.

About PHX Minerals

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.