ISC Announces Quarterly Dividend, Strengthens Financial Position
Overview of ISC's Dividend Declaration
Information Services Corporation (TSX: ISC) has made an important announcement about its quarterly cash dividend for shareholders. The Board of Directors has declared a dividend of $0.23 per Class A Limited Voting Share. This significant financial move reflects ISC's ongoing commitment to providing value to its shareholders.
Details of the Dividend Payment
The dividend will be disbursed on or before a specified date to all shareholders who are on record by the end of June. This announcement showcases ISC's dedication to maintaining a consistent return on investment for its shareholders. It emphasizes the company's solid financial position and its ability to generate cash flow even during fluctuating market conditions.
Tax Implications for Shareholders
This declared dividend comes with notable tax considerations. It is categorized as an eligible dividend according to the Income Tax Act, which means Canadian residents receiving this dividend can take advantage of an enhanced dividend tax credit. For specific tax questions, shareholders are encouraged to consult with a financial advisor to better understand how this dividend may affect their personal tax situation.
About Information Services Corporation
Headquartered in Canada, Information Services Corporation (ISC) stands as a leader in providing registry and information management services for public data. The company has built a strong reputation over the years by offering innovative solutions to manage and secure critical information. ISC operates through various segments, including Registry Operations, Services, and Technology Solutions, all aimed at enhancing the management of public data.
Company Growth and Future Directions
ISC is not only focused on sustaining its core offerings but is also actively pursuing new growth opportunities. The company is strategically expanding its services to cater to a more extensive clientele and tackle emerging challenges in the information management sector. By leveraging its capabilities, ISC aspires to add more value to its services and products in the competitive marketplace.
Contact Information for Investors
For inquiries concerning this announcement or other investor-related matters, individuals may reach out to Jonathan Hackshaw, the Senior Director of Investor Relations & Capital Markets. He is available via toll-free numbers in North America and can also be contacted directly through email for any detailed questions.
Frequently Asked Questions
What is the declared amount of the quarterly dividend by ISC?
The quarterly dividend declared by ISC is $0.23 per Class A Limited Voting Share.
When will the dividend be paid?
The dividend is set to be paid on or before a specific date to shareholders of record by the end of June.
What tax benefits is the dividend associated with?
The dividend is classified as an eligible dividend, allowing Canadian residents to qualify for an enhanced dividend tax credit.
Who can shareholders contact for investor inquiries?
Shareholders can contact Jonathan Hackshaw for investor relations inquiries.
What is ISC's main business focus?
ISC focuses on providing registry and information management services for public data and records, along with seeking new growth opportunities.
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