TORONTO, Feb. 19, 2013 /CNW/ - Softchoice Corporation (TSX: SO) announces that its Board of Directors has approved an increase to the quarterly dividend from CAD$0.07 to CAD$0.09 per common share. The dividend is payable on March 15, 2013 to Shareholders of Record at the close of business on March 1, 2013.
"This increase to our quarterly dividend clearly demonstrates our ongoing commitment to drive shareholder value," said David MacDonald, President and CEO of Softchoice. "The Board's decision to increase the dividend reiterates our confidence in the Company's financial performance and effective management of our cash."
As a leading North American provider of technology solutions and services, Softchoice combines the efficiency and reliability of a national IT supplier with the personal touch and technical expertise of a local solutions provider. Softchoice's holistic approach to technology includes solution design, implementation and asset management services, as well as access to one of the most comprehensive and cost-effective technology distribution networks in North America. With over 1,200 employees, Softchoice manages the technology needs of thousands of corporate and public sector organizations across the United States and Canada.
Softchoice stock is listed on the Toronto Stock Exchange (TSX) under the trading symbol "SO." The common shares of Softchoice are not registered under the U.S. Securities Act of 1933 and are not publicly traded in the United States.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "anticipate", "expect", "will" and similar expressions generally identify forward-looking statements. These statements reflect our current expectations and are subject to a number of risks and uncertainties including, but not limited to, change in technology and general market conditions, many of which are set out or incorporated by reference in the Company's latest Annual Information Form. Due to the many risks and uncertainties, Softchoice cannot assure that the forward-looking statements contained in this press release will be realized.
SOURCE Softchoice Corporation