Sylogist Ltd. provided earnings guidance for the fiscal 2018 (commencing October 1, 2017). For the period, the company expects annual revenues to be between $36 million and $38 million before the effect of future acquisitions or material new contracts. Adjusted EBITDA is expected to be in the range of $0.80 and $0.85 per common share. The company's increased quarterly dividend of $0.08 per common share is based upon a payout ratio of approximately 40% of management's low-end Adjusted EBITDA estimate for fiscal 2018. The estimated revenue and Adjusted EBITDA range is based on a Canadian dollar to US dollar exchange rate of $0.80 US. A $0.01 move in the US exchange rate would result in an increase or decrease in revenue of approximately $220,000 and Adjusted EBITDA per share of approximately $0.01.