OKLAHOMA CITY, May 20, 2011 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its May 18, 2011, meeting approved its regular 7 cents per share quarterly dividend. The dividend will be payable on June 13, 2011, to shareholders of record on Tuesday, May 31, 2011. 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.