OKLAHOMA CITY, Nov. 1, 2010 /PRNewswire-FirstCall/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) today announced that its Board of Directors, at its October 27, 2010 meeting, approved its regular 7 cents per share quarterly dividend. The dividend will be payable on December 10, 2010 to shareholders of record on November 22, 2010. Panhandle Oil and Gas Inc. (NYSE-PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found on the internet at www.panhandleoilandgas.com. SOURCE Panhandle Oil and Gas Inc.