Absolute Software (ALSWF) Raises Dividend to $0.06 Per Share

Absolute Software (OTCMKTS:ALSWF) announced a quarterly dividend on Friday, October 19th, Zacks reports. Stockholders of record on Monday, November 5th will be paid a dividend of 0.062 per share by the industrial products company on Monday, November 26th. This represents a $0.25 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, November 2nd. This is a boost from Absolute Software’s previous quarterly dividend of $0.06.

Shares of OTCMKTS ALSWF opened at $5.83 on Thursday. Absolute Software has a 12 month low of $4.79 and a 12 month high of $6.52. The firm has a market cap of $228.61 million, a PE ratio of 70.75 and a beta of 1.26.

Absolute Software (OTCMKTS:ALSWF) last announced its earnings results on Monday, August 13th. The industrial products company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Absolute Software had a negative return on equity of 5.53% and a net margin of 3.32%. The business had revenue of $24.08 million during the quarter, compared to the consensus estimate of $24.09 million. As a group, sell-side analysts anticipate that Absolute Software will post 0.08 EPS for the current year.

Separately, Zacks Investment Research raised Absolute Software from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Tuesday, October 9th.

Absolute Software Company Profile

Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.

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Dividend History for Absolute Software (OTCMKTS:ALSWF)

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