Pivot Technology Solutions (PTG)

[junkHustler]

Pivot Technology Solutions, Inc. Announces Quarterly Dividend Payment

TORONTO, Feb. 21, 2017 /CNW/ - The Board of Directors of Pivot Technology Solutions, Inc. (TSX: PTG), a full-service information technology provider, today approved a quarterly dividend payment of $0.04 per common share, payable on March 15, 2017 to shareholders of record at the close of business on March 3, 2017.

In December, 2016, the Company consolidated its common shares on a four-for-one basis after graduating to the Toronto Stock Exchange. The dividend rate therefore became $0.04 per common share compared to the pre-share consolidation amount of $0.01 per share. In aggregate, the dividend amount is unchanged.

"Pivot initiated its quarterly dividend policy in the summer of 2015 as a key component of our shareholder value creation strategy," said Kevin Shank, President and Chief Executive Officer. "At the current rate, our dividend represents a yield of over 9%, which we believe is attractive for our shareholders and sustainable in the context of our cash flow and our growth plan."

The Company intends to continue to pay at the established rate of $0.04 per share, per quarter, going forward.

About Pivot Technology Solutions
Pivot is a leading information technology infrastructure and services provider to approximately 2,000 customers, including many members of the Fortune 500. With offices throughout North America, Pivot uses its knowledge and local presence to help corporations, governments and educational institutions design, build, implement and maintain advanced computing and communication infrastructure. For more information, visit www.pivotts.com.