Absolute Software Declares Quarterly Dividend

Rhea-AI Summary

Absolute Software (NASDAQ:ABST) has declared a quarterly dividend of CAD$0.08 per share, payable in cash on November 29, 2021. Shareholders of record by November 17, 2021 will receive this dividend, which qualifies as an eligible dividend under the Canadian Income Tax Act. This announcement reflects Absolute's commitment to returning value to its shareholders while maintaining its leadership in Endpoint Resilience solutions, which enhance device security and management in a zero-trust environment.

Positive

• Quarterly dividend of CAD$0.08 per share enhances shareholder returns.
• The dividend reflects company confidence and stability.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Absolute Software™ (NASDAQ:ABST) (TSX:ABST) today announced that its Board of Directors has declared a quarterly dividend of CAD$0.08 per share on its common shares, payable in cash on November 29, 2021 to shareholders of record at the close of business on November 17, 2021.

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 is a leader in next generation Endpoint Resilience™ solutions, delivering a unique security platform that unites the power of self-healing devices, applications, and network connectivity. Absolute is the only endpoint security provider embedded in more than half a billion devices that offers a permanent digital connection to see, manage, secure, and automatically heal every device, and provides deep insights into the health of devices, applications, and network connections. We empower customers with the critical capabilities required in a zero-trust world — enabling them to achieve a secure employee experience, a more effective IT department and a more secure organization in the work from anywhere era. For the latest information, visit www.absolute.com and follow us on LinkedIn or Twitter.

©2021 Absolute Software Corporation. All rights reserved. ABSOLUTE, the ABSOLUTE logo, ABSOLUTE SOFTWARE, NETMOTION, and ENDPOINT RESILIENCE are trademarks of Absolute Software Corporation or its subsidiaries. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™ and ^® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211020006030/en/

Media Relations

Becki Levine, Absolute Software

press@absolute.com

858-524-9443

Investor Relations

Joo-Hun Kim, MKR Group

IR@absolute.com

212-868-6760

Source: Absolute Software Corporation

FAQ

What is the dividend amount declared by Absolute Software?

Absolute Software declared a quarterly dividend of CAD$0.08 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on November 29, 2021.

Who is eligible to receive the dividend?

Shareholders of record as of November 17, 2021, are eligible to receive the dividend.

Is the dividend eligible for tax benefits?

Yes, the dividend is designated as an eligible dividend under the Canadian Income Tax Act.