OKLAHOMA CITY, Oct. 29, 2012 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its Oct. 24, 2012, meeting approved payment of the regular 7 cents per share quarterly dividend. The dividend will be payable on Dec. 10, 2012, to shareholders of record on Nov. 26, 2012. 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.