CALGARY, May 1, 2019 /CNW/ - Pason Systems Inc. (TSX:
PSI) announced today that the Board of Directors (with Mr.
Jim Hill, the significant
shareholder through J.D Hill Investments Ltd., abstaining from
voting) declared a quarterly dividend of eighteen cents (C$0.18) per share on the company's common
shares. The dividend will be paid on June
28, 2019 to shareholders of record at the close of business
on June 14, 2019.
Pursuant to the Canadian Income Tax Act, dividends paid by the
Company to Canadian residents are considered to be "eligible"
dividends.
Pason Systems Inc.
Pason Systems Inc. is a leading
global provider of specialized data management systems for drilling
rigs. Our solutions, which include data acquisition, wellsite
reporting, remote communications, web-based information management,
and analytics, enable collaboration between the rig and the office.
Pason's common shares trade on the Toronto Stock Exchange under the
symbol PSI.
Additional information on risks and uncertainties and other
factors that could affect Pason's operations or financial results
are included in Pason's reports on file with the Canadian
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com) or through Pason's
website (www.pason.com). Furthermore, any
forward looking statements contained in this news release are made
as of the date of this news release, and Pason does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
securities law.
SOURCE Pason Systems Inc.