PHX Energy Services Corp. (OTCMKTS:PHXHF) Raises Dividend to $0.15 Per Share

PHX Energy Services Corp. (OTCMKTS:PHXHF) announced a dividend on Thursday, March 21st, investing.com reports. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.1479 per share on Monday, April 15th. This represents a yield of 8.96%. The ex-dividend date is Wednesday, March 27th. This is an increase from PHX Energy Services’s previous dividend of $0.11.

PHX Energy Services Stock Performance

Shares of OTCMKTS PHXHF traded up $0.23 during mid-day trading on Tuesday, reaching $6.95. The company’s stock had a trading volume of 13,117 shares, compared to its average volume of 2,492. PHX Energy Services has a 52 week low of $4.28 and a 52 week high of $7.20. The stock has a fifty day moving average of $6.77 and a two-hundred day moving average of $6.24.

About PHX Energy Services

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.