Pulse Seismic Inc. (TSE:PSD) Plans Quarterly Dividend of $0.02

Key Points

• Pulse Seismic declared a quarterly dividend of C$0.0187 per share, payable November 18 to shareholders of record that day. The dividend implies an annualized payout of about C$0.07 and a 2.3% yield.
• The company reported C$0.22 in quarterly EPS on revenue of C$17.31 million, with a 45.05% net margin and 89.89% return on equity.
• Director Neal James Coleman sold 417,700 shares for approximately C$1.19 million, leaving him with just 17 shares; corporate insiders collectively own 22.95% of the stock.

Pulse Seismic Inc. (TSE:PSD - Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0187 per share on Wednesday, November 18th. This represents a $0.07 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, November 4th.

Pulse Seismic Stock Performance

PSD opened at C$3.23 on Monday. The business has a 50 day moving average of C$3.04 and a 200-day moving average of C$3.53. The company has a quick ratio of 7.28, a current ratio of 4.82 and a debt-to-equity ratio of 0.45. The stock has a market cap of C$163.81 million, a price-to-earnings ratio of 11.96 and a beta of 0.16. Pulse Seismic has a 12-month low of C$2.67 and a 12-month high of C$5.24.

Pulse Seismic (TSE:PSD - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported C$0.22 EPS for the quarter. Pulse Seismic had a return on equity of 89.89% and a net margin of 45.05%. The firm had revenue of C$17.31 million for the quarter. On average, equities research analysts expect that Pulse Seismic will post 0.04 earnings per share for the current year.

Insider Transactions at Pulse Seismic

In other news, Director Neal James Coleman sold 417,700 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$2.85, for a total value of C$1,190,445.00. Following the sale, the director directly owned 17 shares in the company, valued at approximately C$48.45. This trade represents a 100.00% decrease in their position. 22.95% of the stock is currently owned by corporate insiders.

Pulse Seismic Company Profile

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.

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