PHX MINERALS INC. Announces Dividend Payment

Rhea-AI Summary

PHX MINERALS INC. (NYSE: PHX) announced a quarterly dividend of one cent per share during its Board meeting on October 23, 2020. The dividend is set to be paid on December 7, 2020, to shareholders recorded by November 23, 2020. Based in Oklahoma City, PHX focuses on growing its mineral holdings, owning approximately 253,000 net mineral acres across several states, with 71% of these being unleased and undeveloped.

Positive

• Approval of a dividend indicates confidence in financial stability.
• Dividend amount is aimed at providing income to shareholders.

Negative

• High percentage (71%) of unleased and undeveloped mineral acres could limit immediate revenue generation.

OKLAHOMA CITY, Oct. 27, 2020 /PRNewswire/ -- PHX MINERALS INC., formerly Panhandle Oil and Gas Inc., "PHX," (NYSE: PHX), announced that its Board of Directors approved a payment of one cent per share quarterly dividend at its Oct. 23, 2020, meeting. The dividend will be payable on Dec. 7, 2020, to shareholders of record on Nov. 23, 2020.

PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is an oil and natural gas mineral company with a strategy to proactively grow its mineral position in our core areas of focus. PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico and Arkansas. Approximately 71% of this mineral count is unleased and undeveloped. Additional information on PHX can be found at www.phxmin.com.

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SOURCE PHX MINERALS INC.

FAQ

What is the dividend amount for PHX?

PHX has announced a dividend of one cent per share.

When will the PHX dividend be paid?

The dividend will be payable on December 7, 2020.

What is the record date for the PHX dividend?

The record date for the dividend is November 23, 2020.

How often does PHX pay dividends?

PHX pays dividends quarterly.

What percentage of mineral acres does PHX have unleased?

Approximately 71% of PHX's mineral acres are unleased and undeveloped.