Pason Systems Inc. (PSI) to Issue Quarterly Dividend of $0.17
Pason Systems Inc. (TSE:PSI) declared a quarterly dividend on Thursday, August 10th, Zacks reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.17 per share on Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, September 14th.
Pason Systems (TSE:PSI) traded down 0.80% on Friday, hitting $17.34. 55,065 shares of the stock were exchanged. The stock’s market cap is $1.47 billion. Pason Systems has a 12 month low of $14.79 and a 12 month high of $22.36. The company has a 50-day moving average of $17.72 and a 200-day moving average of $18.80.
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In related news, insider James Douglas Hill sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of C$19.50, for a total transaction of C$1,950,000.00. Insiders have sold 232,300 shares of company stock valued at $4,512,700 over the last 90 days.
About Pason Systems
Pason Systems Inc is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company’s geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East.
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