PHX Energy Services Corp. (OTCMKTS:PHXHF) Announces Dividend Increase – $0.15 Per Share

PHX Energy Services Corp. (OTCMKTS:PHXHF) announced a dividend on Saturday, September 21st, investing.com reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.1471 per share on Tuesday, October 15th. This represents a yield of 8.24%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from PHX Energy Services’s previous dividend of $0.15.

PHX Energy Services Price Performance

Shares of OTCMKTS PHXHF opened at $7.14 on Friday. PHX Energy Services has a 52-week low of $5.19 and a 52-week high of $7.76. The business’s 50 day moving average is $7.25 and its two-hundred day moving average is $6.86.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.