PHX has reduced its annual dividend to $0.04/share, down from $0.84/share in 2014. This is the third dividend reduction this year. The implied payout ratio in 2016e is 8.9%.
14 Sep 2015
PHX Energy Services Corp. (PHX) Reduces Dividend by 81% and Settles U.S. Lawsuit
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PHX Energy Services Corp. (PHX) Reduces Dividend by 81% and Settles U.S. Lawsuit
PHX Energy Services Corp. (PHX:TSE) | 0 0 2.3% | Mkt Cap: 130.8m
- Published:
14 Sep 2015 -
Author:
Ian B. Gillies -
Pages:
5
PHX has reduced its annual dividend to $0.04/share, down from $0.84/share in 2014. This is the third dividend reduction this year. The implied payout ratio in 2016e is 8.9%.