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

Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Tuesday, December 17th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.13 per share on Tuesday, December 31st. This represents a $0.52 annualized dividend and a yield of 3.75%. The ex-dividend date is Tuesday, December 17th.

Pason Systems Stock Performance

TSE:PSI opened at C$13.87 on Friday. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. Pason Systems has a 1 year low of C$12.33 and a 1 year high of C$18.59. The firm has a 50 day moving average of C$14.21 and a 200-day moving average of C$15.24.

Wall Street Analyst Weigh In

PSI has been the subject of several research analyst reports. TD Securities cut their price objective on Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. BMO Capital Markets reduced their price target on shares of Pason Systems from C$21.00 to C$18.00 in a research report on Friday, October 4th.

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.