Vancouver, Canada: October 27, 2014 – Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that its Board of Directors has declared a dividend of $0.07 per share on the common shares in the capital of the Company, payable on November 28, 2014 to shareholders of record on November 7, 2014. The new quarterly dividend represents an increase of 17% over the previous quarterly dividend rate of $0.06 CAD per common share.
“This dividend increase reflects the board’s continued confidence in Absolute’s ability to generate strong and sustainable operating cash flows, as well as our potential for future growth and earnings expansion,” said Geoff Haydon, CEO of Absolute.
Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.