PHX Energy Services About To Put More Money In Your Pocket (PHX)

On 10/29/13, PHX Energy Services Corp (TSX: PHX.TO) will trade ex-dividend, for its monthly dividend of $0.06, payable on 11/15/13. As a percentage of PHX's recent stock price of $11.22, this dividend works out to approximately 0.53%, so look for shares of PHX Energy Services Corp to trade 0.53% lower — all else being equal — when PHX shares open for trading on 10/29/13.

Below is a dividend history chart for PHX, showing historical dividends prior to the most recent $0.06 declared by PHX Energy Services Corp:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PHX is likely to continue, and whether the current estimated yield of 6.42% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PHX shares, versus its 200 day moving average:

PHX Energy Services Corp 200 Day Moving Average Chart

Looking at the chart above, PHX's low point in its 52 week range is $8.33 per share, with $11.74 as the 52 week high point — that compares with a last trade of $11.22.

In Friday trading, PHX Energy Services Corp shares are currently trading flat on the day.

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