Panhandle Oil and Gas Inc. (NYSE: PHX) declared a cash distribution to the holders of its units of beneficial interest, the company announced Oct. 24.
At the Oct. 23 meeting, its board of directors approved an increase of 14% in the regular quarterly dividend to 8 cents per share. The dividend will be payable on Dec. 10, to shareholders of record on Nov. 25.
Panhandle Oil and Gas Inc. is an independent energy company engaged in the acquisition, management, and development of oil and natural gas properties in the U.S. The company is headquartered in Oklahoma City.