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

Pason Systems Inc. (TSE:PSI) declared a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.13 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, June 16th.

Pason Systems Trading Down 1.6%

Shares of PSI stock opened at C$13.45 on Friday. The company has a debt-to-equity ratio of 5.79, a quick ratio of 3.54 and a current ratio of 2.11. Pason Systems has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. The stock has a market capitalization of C$1.04 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.38. The company has a 50 day moving average price of C$13.84 and a 200 day moving average price of C$12.92.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. The company had revenue of C$102.44 million during the quarter. Equities research analysts predict that Pason Systems will post 1.229765 EPS for the current fiscal year.

Insider Activity at Pason Systems

In other Pason Systems news, insider Celine Boston sold 13,200 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of C$14.46, for a total transaction of C$190,872.00. Following the completion of the transaction, the insider owned 1,893 shares in the company, valued at C$27,372.78. The trade was a 87.46% decrease in their position. Also, insider Bryce Mclean sold 8,410 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$14.50, for a total transaction of C$121,945.00. Following the transaction, the insider owned 8,853 shares of the company’s stock, valued at C$128,368.50. This trade represents a 48.72% decrease in their position. Insiders have sold a total of 57,210 shares of company stock worth $831,411 over the last ninety days. 0.13% of the stock is currently owned by insiders.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.