REGINA, Nov. 13, 2013 /CNW/ - The Board of Directors of Information Services Corporation ("ISC" or the "Company") today declared a quarterly cash dividend of $0.20 per Class A Limited Voting Share ("Class A Share"). The dividend will be paid on or before January 15, 2014 to shareholders of record as of December 31, 2013.
The dividend has been designated as an eligible dividend pursuant to the Income Tax Act. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit. For further information on tax implications, please consult a tax advisor.
In August, 2013, ISC established a policy of paying an annual dividend of $0.80 per Class A Share to be payable on a quarterly basis. The payment of dividends is not guaranteed, and the amount and timing of any dividend payable by the Company will be at the discretion of the Board and established on the basis of the Company's cash available for distribution, its financial requirements and other factors existing at the time.
ISC is a provider of registry and information services to the Province of Saskatchewan. The Company is the exclusive provider of the Land Titles Registry, Land Surveys Directory, Personal Property Registry and Corporate Registry in Saskatchewan, which are key supporters of economic activity in the province.
Forward-looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation, including information with respect to ISC's policy of paying dividends on a quarterly basis and factors that may affect such policy such as available cash for distribution, financial requirements and other factors. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Although ISC believes the forward-looking information contained in this release is based upon reasonable assumptions, readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. Many factors and risks could cause our actual results to differ materially from those expressed or implied by forward-looking information including those detailed in ISC's Final Prospectus dated June 27, 2013 as well as other documents filed by ISC with Canadian securities regulators through SEDAR (www.sedar.com) from time to time. You are cautioned not to place undue reliance on forward-looking information of ISC. Investors and others should carefully consider the above-noted factors and risks and other uncertainties and potential events. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.
SOURCE Information Services Corporation