The Company commenced payment of a dividend in 2015, pursuant to a policy adopted by the Board of Directors. Initially, the Company declared and paid quarterly cash dividends to holders of its outstanding common shares of record as of the close of business on the last business day of each calendar quarter. In April 2016, the Company announced its intention to change the payment frequency and to declare and pay monthly cash dividends to holders of its outstanding common shares of record as of the close of business on the last business day of each month. The declaration and payment of any dividends are at the sole discretion of the Board of Directors, which may decide to change its dividend policy at any time.
Dividend Reinvestment Plan
Callidus has a Dividend Reinvestment Plan to which eligible shareholders may elect to automatically reinvest their cash dividends payable in respect of the common shares to acquire additional common shares. For further information, please click on the following link to access the Plan information.
Eligible Dividend Information
For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends paid by Callidus on our common shares in the calendar year, are designated as “eligible dividends”. Unless stated otherwise, all dividends paid by Callidus on our common shares will be designated as “eligible dividends” for the purposes of these rules.