Pason Systems Inc. (PSI) to Issue Quarterly Dividend of $0.17 on December 29th
Pason Systems Inc. (TSE:PSI) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Investors of record on Friday, December 15th will be given a dividend of 0.17 per share on Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, December 14th.
Pason Systems (TSE:PSI) traded down C$0.17 during midday trading on Wednesday, hitting C$17.46. 317,061 shares of the company traded hands, compared to its average volume of 97,583. Pason Systems has a fifty-two week low of C$16.65 and a fifty-two week high of C$22.36.
In other Pason Systems news, insider Russell Smith sold 5,000 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$18.98, for a total value of C$94,900.00. Also, insider Beurden Ryan Van sold 4,000 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of C$19.01, for a total transaction of C$76,040.00. Over the last ninety days, insiders have purchased 3,550 shares of company stock valued at $53,846 and have sold 38,300 shares valued at $388,459.
PSI has been the subject of several recent analyst reports. CIBC decreased their price objective on shares of Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 20th. National Bank Financial downgraded shares of Pason Systems from an “outperform” rating to a “sector perform” rating and set a C$22.00 price objective for the company. in a report on Wednesday, November 8th.
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About Pason Systems
Pason Systems Inc is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company’s geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East.
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