Pulse Seismic (TSE:PSD) Sets New 12-Month High - What's Next?

Key Points

• Pulse Seismic Inc. shares reached a new 52-week high of C$4.18 during trading, closing at C$4.17 with a volume of 57,517 shares.
• The company recently announced a quarterly dividend of $0.0175, resulting in an annualized yield of 1.7% and a payout ratio of 28.05%.
• Pulse Seismic operates in the energy sector, providing seismic data and project management services in western Canada.

Pulse Seismic Inc. (TSE:PSD - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.18 and last traded at C$4.17, with a volume of 57517 shares changing hands. The stock had previously closed at C$4.13.

Pulse Seismic Stock Down 1.9%

The company has a market capitalization of C$187.59 million, a price-to-earnings ratio of 17.25 and a beta of 0.68. The business's 50-day moving average is C$3.46 and its 200-day moving average is C$2.84. The company has a quick ratio of 7.28, a current ratio of 3.85 and a debt-to-equity ratio of 1.25.

Pulse Seismic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th will be given a dividend of $0.0175 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.07 dividend on an annualized basis and a yield of 1.9%. Pulse Seismic's payout ratio is currently 28.05%.

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.