Absolute Declares Quarterly Dividend
VANCOUVER, July 16, 2013 /PRNewswire/ – Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and
management solutions for computers, laptops, tablets and smartphones,
announced today that its Board of Directors has declared a quarterly
dividend of $0.05 per share on its common shares, payable in cash on
August 28, 2013 to shareholders of record at the close of business on
August 7, 2013.
“The Board’s decision to once again institute a quarterly dividend
highlights our significant cash flow generation, our confidence in our
prospects for future growth, and our strong commitment to increase
shareholder value,” stated John Livingston, CEO of Absolute Software.
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 (TSX: ABT) 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 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. For more information about
Absolute Software, visit www.absolute.com.
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to,
among other things, the expected performance, functionality and
availability of our services and products, and other expectations,
intentions and plans contained in this press release that are not
historical fact. When used in this press release, the words “plan,”
“expect,” “believe,” and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and uncertainties,
including, but not limited to, changes in technology and general market
conditions. In light of the many risks and uncertainties you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
©2013 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation.
LoJack is a registered trademark of LoJack Corporation, used under
license by Absolute Software Corporation. LoJack Corporation is not
responsible for any content herein. U.S. patents No. 5,715,174, No.
5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758,
No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No.
7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369,
No. 8,307,055, No. 8,332,953 and No. 8,418,226. Canadian patents No.
2,211,735, No. 2,284,806, No. 2,205,370 and No. 2,771,208. U.K. patents
No. EP0793823, No. GB2298302, and No. GB2338101. German patent No.
69512534. Australian patent No. 699045. Japanese patent No. JP4067035.
The Toronto Stock Exchange has neither approved nor disapproved of the
information contained in this news release.
SOURCE Absolute Software Corporation