Absolute Software Corporation, the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.06 CAD per share on the common shares in the capital of the Company, payable on November 28, 2013 to shareholders of record on November 7, 2013. The new quarterly dividend represents an increase of 20% over the previous quarterly dividend rate of $0.05 CAD per common share.
This dividend increase reflects Absolute s ability to generate significant and sustainable cash flow, as well as the board s confidence in the future growth and earnings potential of the business, said Absolute CEO John Livingston.
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.
About Absolute Software Absolute Software Corporation is the industry standard in persistent endpoint security and management for computers, laptops, tablets and smartphones. The Company, a leader in device security and management tracking for more than 20 years, has over 30,000 commercial customers worldwide. Absolute s solutions Computrace, Absolute Manage, Absolute Service, Absolute Secure Drive, and Computrace LoJack for Laptops provide organizations with actionable intelligence to prove compliance, securely manage BYOD, and deliver comprehensive visibility and control over all of their devices and data. Absolute is positioned on two Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client Management Tools and the Magic Quadrant for Mobile Device Management Software. Absolute is one of only four vendors to be recognized on both Magic Quadrants based on providing customers with the ability to secure and manage many different types of devices using a single solution. Absolute persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple.