OKLAHOMA CITY, July 29, 2011 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its July 27, 2011, meeting approved payment of the regular 7 cents per share quarterly dividend. The dividend will be payable on September 9, 2011, to shareholders of record on August 26, 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.