Pason Systems Inc. (PSI) Declares Quarterly Dividend of $0.18

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Thursday, December 13th, TickerTech reports. Investors of record on Monday, December 31st will be paid a dividend of 0.18 per share on Monday, December 31st. This represents a $0.72 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, December 13th.

TSE:PSI traded down C$0.17 during mid-day trading on Friday, reaching C$19.20. The stock had a trading volume of 194,900 shares, compared to its average volume of 125,511. Pason Systems has a twelve month low of C$16.05 and a twelve month high of C$24.57.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Wednesday, November 7th. The company reported C$0.28 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.20 by C$0.08. The firm had revenue of C$82.34 million during the quarter, compared to analyst estimates of C$77.30 million. On average, sell-side analysts anticipate that Pason Systems will post 0.879999985462055 earnings per share for the current fiscal year.

In other news, insider Timur Kuru sold 33,333 shares of Pason Systems stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of C$21.15, for a total transaction of C$704,992.95. Also, insider Marcel Kessler purchased 1,200 shares of Pason Systems stock in a transaction dated Friday, November 16th. The shares were bought at an average price of C$21.50 per share, with a total value of C$25,800.00. Over the last quarter, insiders have bought 14,000 shares of company stock valued at $267,960 and have sold 471,333 shares valued at $10,213,673.

A number of research firms have recently issued reports on PSI. GMP Securities lifted their price target on shares of Pason Systems from C$22.00 to C$24.50 in a research report on Friday, August 10th. CIBC reduced their price target on shares of Pason Systems from C$23.00 to C$22.00 in a research report on Tuesday, October 16th. Finally, National Bank Financial lifted their price target on shares of Pason Systems from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th.

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About Pason Systems

Pason Systems Inc provides instrumentation data management systems for drilling rigs worldwide. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder.

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Dividend History for Pason Systems (TSE:PSI)

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