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

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Monday, March 17th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.13 per share on Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, March 17th.

Pason Systems Stock Up 2.2 %

PSI opened at C$12.77 on Friday. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59. Pason Systems has a fifty-two week low of C$11.84 and a fifty-two week high of C$18.59. The company has a market capitalization of C$1.02 billion, a P/E ratio of 9.01, a P/E/G ratio of 10.78 and a beta of 1.58. The stock has a fifty day moving average of C$13.46 and a 200-day moving average of C$13.76.

Analysts Set New Price Targets

Separately, National Bankshares cut their price target on Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th.

Pason Systems Company Profile

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.