MINNEAPOLIS – Autoscope Technologies Corporation (OTCQX: AATC), a provider of above-ground detection technology for transportation systems, has announced a regular quarterly dividend of $0.13 per share. The dividend is payable on March 5, 2024, to shareholders of record as of the close of business on February 27, 2024.
The company, headquartered in Minneapolis, Minnesota, focuses on improving safety and efficiency for urban and highway transportation networks through its technology solutions. Autoscope delivers information and analytics to transportation professionals, enabling them to make proactive decisions.
This dividend declaration follows Autoscope's operational strategy and commitment to providing value to its shareholders. The company's approach includes developing and delivering technology and applications that contribute to intelligent transportation systems (ITS).
While the press release contains forward-looking statements regarding future events, these statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Factors affecting future results include but are not limited to product demand, government spending, product acceptance, budget constraints of government entities, and the ability of third-party partners to sell products and pay royalties.
Autoscope's performance is influenced by various factors, including competition, reliance on single-source suppliers, intellectual property rights protection, new product development, and market disruption from emerging technologies. Additionally, external factors such as international regulatory changes, supply chain disruptions, tax regulation changes, and broader political and economic conditions can also have an impact.
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