Pason Systems Inc. (PSI) To Go Ex-Dividend on December 17th

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

Pason Systems Trading Down 1.0 %

TSE:PSI opened at C$13.87 on Friday. The company has a market capitalization of C$1.10 billion, a P/E ratio of 9.57, a P/E/G ratio of 10.78 and a beta of 1.58. The stock’s 50 day moving average price is C$14.21 and its 200 day moving average price is C$15.24. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.54 and a current ratio of 2.62. Pason Systems has a 52 week low of C$12.33 and a 52 week high of C$18.59.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PSI shares. BMO Capital Markets cut their price objective on Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. TD Securities reduced their price objective on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th.

Pason Systems Company Profile

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.