Absolute Software Declares Quarterly Dividend

Rhea-AI Summary

Absolute Software (NASDAQ: ABST) has declared a quarterly dividend of CAD$0.08 per share, scheduled for payment on May 28, 2021. Shareholders of record will need to hold shares by the close of business on May 14, 2021. These dividends are categorized as eligible dividends under Canadian tax laws, which may benefit shareholders during tax season. Absolute Software specializes in Endpoint Resilience solutions, currently protecting over half a billion devices globally, ensuring connectivity and control for IT and Security organizations.

Positive

• Quarterly dividend declared at CAD$0.08 per share, promoting shareholder income.
• Strong market position with over half a billion devices protected, indicating business resilience and growth potential.

Negative

• None.

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 May 28, 2021 to shareholders of record at the close of business on May 14, 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 Endpoint Resilience™ solutions and the industry’s only undeletable defense platform embedded in over a half-billion devices. Enabling a permanent digital tether between the endpoint and the enterprise who distributed it, Absolute provides IT and Security organizations with complete connectivity, visibility, and control, whether a device is on or off the corporate network, and empowers them with Self-Healing Endpoint™ security to help ensure mission-critical apps remain healthy and deliver intended value. For the latest information, visit www.absolute.com and follow us on LinkedIn or Twitter.

©2021 Absolute Software Corporation. All rights reserved. ABSOLUTE and the ABSOLUTE logo are registered trademarks of Absolute Software Corporation in the United States and/or other countries. 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/20210420006077/en/

FAQ

What is the dividend amount for Absolute Software in 2021?

The declared dividend amount for Absolute Software is CAD$0.08 per share.

When will Absolute Software's dividend be paid?

The dividend will be paid on May 28, 2021.

What is the record date for Absolute Software's dividend?

The record date for the dividend is May 14, 2021.

Are the dividends from Absolute Software eligible for tax benefits?

Yes, the dividends are designated as eligible dividends under Canadian tax legislation.