Absolute Software (TSE:ABT) announced a quarterly dividend on Friday, July 21st, Zacks reports. Stockholders of record on Friday, August 4th will be given a dividend of 0.08 per share on Friday, August 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a positive change from Absolute Software’s previous quarterly dividend of $0.07.
Shares of Absolute Software (ABT) opened at 7.46 on Friday. The company has a 50-day moving average price of $7.94 and a 200-day moving average price of $7.65. Absolute Software has a 52 week low of $5.81 and a 52 week high of $8.42. The stock’s market cap is $294.60 million.
Several equities analysts have recently weighed in on ABT shares. Scotiabank boosted their target price on Absolute Software from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 9th. Pi Financial boosted their price objective on Absolute Software from C$7.75 to C$9.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. BMO Capital Markets boosted their price objective on Absolute Software from C$7.50 to C$8.50 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Finally, Canaccord Genuity cut Absolute Software from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$9.00 to C$8.00 in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Absolute Software presently has an average rating of “Hold” and an average price target of C$7.71.
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Absolute Software Company Profile
Absolute Software Corporation develops, markets, and supports endpoint security and data risk management, and endpoint management solutions for desktops, laptops, tablets and smartphones in Canada, the United States, and internationally. It operates through two segments, Data and Device Security, and Endpoint and Service Management.
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