OKLAHOMA CITY, July 29 /PRNewswire-FirstCall/ -- PANHANDLE OIL AND GAS INC. (NYSE:PHX) today announced that its Board of Directors, at its July 23, 2009 meeting approved its regular 7 cents per share quarterly dividend. The dividend will be payable on September 10, 2009 to shareholders of record on August 27, 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 on the internet at http://www.panhandleoilandgas.com/. DATASOURCE: Panhandle Oil and Gas Inc. CONTACT: Michael C. Coffman of Panhandle Oil and Gas Inc., +1-405-948-1560 Web Site: http://www.panhandleoilandgas.com/

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