Softchoice Corporation Reinstates Quarterly Dividend
TORONTO, Aug. 8, 2012 /CNW/ - The Board of Directors of Softchoice Corporation (TSX: SO) has reinstated a quarterly dividend, commencing at CAD$0.07 per common share. The dividend is payable on September 14th, 2012 to Shareholders of Record at the close of business on August 31st, 2012.
"We believe that our business model lends itself to capital allocation that includes a quarterly dividend," said Mr. MacDonald, President and CEO of Softchoice. "The Board's decision to reinstate a quarterly dividend on behalf of our shareholders is a vote of confidence in the outlook for the Company and our prospects for continued growth in 2012 and beyond."
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 1,100 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
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