OKLAHOMA CITY, Jan. 5 /PRNewswire-FirstCall/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its board of directors, at its December meeting, declared a 7 cent per share regular quarterly dividend. The dividend is payable on March 6, 2009 to shareholders of record on February 23, 2009.

The Board of Directors set the annual meeting of shareholders for Thursday, March 5, 2009 at 9:00 a.m. at the Waterford Marriott Hotel, Oklahoma City, Oklahoma. Shareholders of record at the close of business on January 23, 2009 shall be entitled to notice of and to vote at the annual meeting. Proxies and Annual Reports will be mailed on or about January 30, 2009.

Panhandle Oil and Gas Inc. (NYSE-PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found at www.panhandleoilandgas.com.

SOURCE Panhandle Oil and Gas Inc.