CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) ("Pulse" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2024. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will be available on Pulse's website at www.pulseseismic.com. Pulse's Board of Directors today approved a 9% increase to the regular dividend and declared a regular quarterly dividend of $0.015 per share. This increase results in an annualized regular dividend of $0.06 per share. The total of the dividend will be approximately $780,000 based on Pulse's 51,994,563 common  shares outstanding as of April 24, 2024, and will be paid on May 23, 2024, to shareholders of record on May 14, 2024. These dividends are designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pulse's dividends are subject to Canadian withholding tax. The annual general meeting of the shareholders of Pulse Seismic Inc. will be held at 11:00 a.m. (MDT) on April 25, 2024 at the offices of McCarthy Tetrault LLP, Suite 4000, 421-7th Avenue SW, Calgary, Alberta. HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH 31, 2024 A regular quarterly dividend of $0.01375 per share was declared and paid in the first quarter;   The special dividend of $0.20 per share totalling $10.5 million, declared in December 2023, was paid in the first quarter;   Shareholder free cash flow(a) was $5.0 million ($0.10 per share basic and diluted) compared to $5.3 million ($0.10 per share basic and diluted) in the first quarter of 2023;   EBITDA(a) was $6.2 million ($0.12 per share basic and diluted) compared to $6.6 million ($0.12 per share basic and diluted) in the first quarter of 2023;   Net earnings were $2.7 million ($0.05 per share basic and diluted) compared to net earnings of $2.9 million ($0.05 per share basic and diluted) in the first quarter of 2023;   Total revenue was $8.8 million compared to $8.4 million for the three months ended March 31, 2023;   In the three-month period ended March 31, 2024, Pulse purchased and cancelled, through its normal course issuer bid, a total of 627,300 common shares at a total cost of approximately $1.2 million (at an average cost of $1.89 per common share including commissions); and   At March 31, 2024, Pulse was debt-free and held cash of $13.8 million.           SELECTED FINANCIAL AND OPERATING INFORMATION                             (Thousands of dollars except per share data, Three months ended March 31, Year ended   numbers of shares and kilometres of seismic data) 2024 2023 December 31,     (Unaudited) 2023   Revenue         Data library sales 8,777 8,407 39,127             Amortization of seismic data library 2,270 2,286 9,103   Net earnings 2,681 2,908 15,007   Per share basic and diluted 0.05 0.05 0.28   Cash provided by operating activities 10,464 5,413 23,524   Per share basic and diluted 0.20 0.10 0.44   EBITDA(a) 6,229 6,615 30,431   Per share basic and diluted(a) 0.12 0.12 0.57   Shareholder free cash flow(a) 5,038 5,261 24,829   Per share basic and diluted(a) 0.10 0.10 0.47             Capital expenditures