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

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

Pason Systems Stock Performance

Shares of Pason Systems stock opened at C$12.77 on Friday. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54. The firm has a market cap 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 firm has a 50 day simple moving average of C$13.46 and a 200 day simple moving average of C$13.76. Pason Systems has a fifty-two week low of C$11.84 and a fifty-two week high of C$18.59.

Analysts Set New Price Targets

Separately, National Bankshares lowered their target price on shares of Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a report on Thursday, December 19th.

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.