PHX Minerals Inc. (NYSE:PHX – Get Free Report) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.04 per share by the oil and gas producer on Thursday, December 5th. This represents a $0.16 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Thursday, November 21st.
PHX Minerals has raised its dividend by an average of 11.7% per year over the last three years. PHX Minerals has a dividend payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings.
PHX Minerals Stock Performance
PHX traded up $0.05 on Thursday, reaching $3.55. The company had a trading volume of 24,596 shares, compared to its average volume of 50,194. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.98 and a current ratio of 3.98. The stock has a market cap of $133.13 million, a P/E ratio of 23.33 and a beta of 0.55. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $3.74. The company’s fifty day moving average is $3.47 and its 200 day moving average is $3.35.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of PHX Minerals in a research report on Saturday, November 2nd. They set a “hold” rating for the company.
View Our Latest Stock Report on PHX Minerals
About PHX Minerals
PHX Minerals Inc operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company sells its products to various purchasers, including pipeline and marketing companies.
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