|By Marketwired .||
|April 14, 2014 05:00 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/14/14 -- AlarmForce Industries Inc. (TSX: AF) announces today that the Board of Directors have approved an increase in the annual cash dividend on common shares from $0.10 to $0.12 per share commencing the quarter ended April 30, 2014. A quarterly dividend of $.03 will be payable on May 20, 2014 to all shareholders of record at the close of business on April 30, 2014.
Anthony Pizzonia, the Company's interim President and CEO said "The Board's decision to increase the dividend reflects the Company's strong cash position and confidence in AlarmForce's ability to continue generating profits and cash flows. This is in line with our strategy to deliver consistent returns to our shareholders, and give them an additional opportunity to benefit from our operational strength."
For Canadian resident shareholders, this dividend is designated as an "eligible dividend" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada), and any corresponding provincial and territorial tax legislation.
AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance and related services to residential and commercial subscribers throughout Canada and the United States. More information about the Company's products and services can be found at www.alarmforce.com.
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