PHX MINERALS INC. Announces Dividend Payment
PHX Minerals Inc. (NYSE: PHX) has declared a quarterly dividend of one cent per share, approved during the Board of Directors meeting on March 2, 2021. This dividend is set for payment on June 4, 2021, to shareholders on record by May 20, 2021. PHX operates primarily in natural gas and oil mineral rights, owning approximately 253,000 net mineral acres across several states including Oklahoma, Texas, North Dakota, New Mexico, and Arkansas.
- Dividend of 1 cent per share enhances shareholder income.
- Strong ownership of 253,000 net mineral acres indicates potential long-term growth.
- Dividend amount may not align with investor expectations for higher returns.
- Limited geographical diversification could pose risks if regional production fluctuates.
OKLAHOMA CITY, March 8, 2021 /PRNewswire/ -- PHX MINERALS INC., "PHX," (NYSE: PHX), today announced that its Board of Directors approved a payment of one cent per share quarterly dividend at its March 2, 2021, meeting. The dividend will be payable on June 4, 2021, to shareholders of record on May 20, 2021.
PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core areas of focus. PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, Texas, North Dakota, New Mexico and Arkansas. Additional information on PHX can be found at www.phxmin.com.
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SOURCE PHX MINERALS INC.
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