CALGARY, ALBERTA--(Marketwired - March 24, 2014) - The Board of Directors (the "Board") of CERF Incorporated (TSX VENTURE:CFL) ("CERF") are pleased to announce that they have declared a cash dividend to the shareholders of $0.06 per share for the first quarter of 2014. This quarterly dividend plus dividends of future quarters, should they be declared in similar amount, will amount to $0.24 per share on an annualized basis. Payment will be made on or about April 15, 2014, to shareholders of record as of the close of business on March 31, 2014.
Investors are cautioned that future dividends are always subject to approval of the Board and may be increased, decreased or suspended by the Board at any time.
All dividends paid by CERF to common shareholders will be designated as eligible dividends as defined in section 89(1) of the Income Tax Act (Canada) unless otherwise indicated.
CERF has implemented a dividend re-investment plan ("DRIP") for Shareholders for periods subsequent to March 31, 2014, whereby Shareholders may elect to reinvest cash dividends paid by CERF on their common shares toward the purchase of new common shares at a 5% discount to the average market price as defined in the DRIP. Details of the DRIP and enrollment forms will be mailed to registered shareholders shortly. Shareholders who hold their shares in a brokerage account and wish to participate should contact the administrator of their account.
CERF is a Canadian public corporation engaged in the rental, sale and service of industrial, construction and oilfield equipment and waste management and environmental services. CERF trades on the TSX Venture Exchange under the symbol "CFL" and currently has 16,134,441 common shares issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.