PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations. The company also provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole, as well as performance drilling motors. In addition, it provides survey management, gyro surveying, and directional drilling and motor rentals. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.
PHX Energy Services Dividend Announcement
• PHX Energy Services announced a quarterly dividend of $0.15 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-27
• PHX Energy Services annual dividend for 2024 was $0.44
• PHX Energy Services annual dividend for 2023 was $0.49
• PHX Energy Services's trailing twelve-month (TTM) dividend yield is 8.75%
• PHX Energy Services's payout ratio for the trailing twelve months (TTM) is 38.28%
PHX Energy Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-27 | $0.15 | quarterly | 2024-10-15 |
2024-06-28 | $0.15 | quarterly | 2024-07-15 |
2024-03-27 | $0.15 | quarterly | |
2023-12-28 | $0.15 | quarterly | 2024-01-15 |
2023-09-28 | $0.11 | quarterly | 2023-10-16 |
2023-06-29 | $0.11 | quarterly | 2023-07-17 |
2023-03-30 | $0.11 | quarterly | 2023-04-17 |
2022-12-29 | $0.11 | quarterly | 2023-01-16 |
2022-09-28 | $0.07 | quarterly | 2022-10-17 |
2022-06-29 | $0.06 | quarterly | 2022-07-15 |
2022-03-30 | $0.06 | quarterly | 2022-04-18 |
2021-12-30 | $0.04 | quarterly | 2022-01-17 |
2021-09-28 | $0.04 | quarterly | 2021-10-15 |
2021-06-29 | $0.02 | quarterly | 2021-07-15 |
2021-03-30 | $0.02 | quarterly | 2021-04-15 |
2020-12-30 | $0.02 | quarterly | 2021-01-15 |
2015-12-29 | $0.01 | quarterly | |
2015-09-28 | $0.00 | quarterly | |
2015-08-27 | $0.01 | quarterly | |
2015-07-29 | $0.01 | quarterly | |
2015-06-26 | $0.01 | quarterly | |
2015-05-27 | $0.01 | quarterly | |
2015-04-28 | $0.03 | quarterly | |
2015-03-27 | $0.03 | quarterly | |
2015-02-25 | $0.06 | quarterly | |
2015-01-28 | $0.06 | quarterly | |
2014-12-29 | $0.06 | quarterly | |
2014-11-26 | $0.06 | quarterly | |
2014-10-29 | $0.06 | quarterly | |
2014-09-26 | $0.06 | quarterly | |
2014-08-27 | $0.06 | quarterly | |
2014-07-29 | $0.07 | quarterly | |
2014-06-26 | $0.07 | quarterly | |
2014-05-28 | $0.06 | quarterly | |
2014-04-28 | $0.06 | quarterly | |
2014-03-27 | $0.06 | quarterly | |
2014-02-26 | $0.06 | quarterly | |
2014-01-29 | $0.06 | quarterly | |
2013-12-27 | $0.07 | quarterly |
PHX Energy Services Dividend per year
PHX Energy Services Dividend growth
PHX Energy Services Dividend Yield
PHX Energy Services current trailing twelve-month (TTM) dividend yield is 8.75%. Interested in purchasing PHX Energy Services stock? Use our calculator to estimate your expected dividend yield:
PHX Energy Services Financial Ratios
PHX Energy Services Dividend FAQ
Other factors to consider when evaluating PHX Energy Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: PHX Energy Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, PHX Energy Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, PHX Energy Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from PHX Energy Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: PHX Energy Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, PHX Energy Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PHX Energy Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of PHX Energy Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review PHX Energy Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.