Sylogist Ltd.
TSX VENTURE : SYZ

Sylogist Ltd.

November 18, 2015 16:00 ET

Sylogist Ltd. Declares Increased Quarterly Dividend

CALGARY, ALBERTA--(Marketwired - Nov. 18, 2015) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Sylogist Ltd. ("Sylogist" or the "Company") - (TSX VENTURE:SYZ), a provider of enterprise information management solutions to public and private sector customers, is pleased to announce that its Board has declared an increased dividend of 6.5 cents per share on Sylogist's Common Shares to shareholders of record on December 1, 2015.. The dividend, which is payable on December 16, 2015, represents an 8.33% increase from the $0.06 cent dividend paid by Sylogist on December 15, 2014.

"Increasing dividends, while rewarding our shareholders, really are reflective of the underlying strength of our business model. In addition, since July 2015, we have bought back in excess of 900,000 of our common shares, at average pricing below today's market price. Our annual share buyback program and dividends are funded from our increasing operating cash flows, leaving acquisition capital available as we continue our search for meaningful, strategic transactions that will drive our business further forward," stated Jim Wilson, President & CEO of Sylogist.

All dividends paid by Sylogist to holders of Common Shares in the capital of the Company will be treated as eligible dividends pursuant to the Income Tax Act (Canada).

About Sylogist

Sylogist is a technology innovation company which, through strategic acquisitions, investments and operations management, provides intellectual property solutions to a wide range of public and private sector customers.

The Company's stock is traded on the TSX Venture Exchange under the symbol SYZ. Information about Sylogist can be found at http://www.sylogist.com or on SEDAR at www.sedar.com.

- Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release -

Contact Information

  • Sylogist Ltd.
    Jim Wilson
    President and CEO
    (403) 266-4808

    Sylogist Ltd.
    Brian Grassby
    Vice President, Finance and CFO
    (403) 266-4808
    www.sylogist.com