Coast Wholesale Appliances Inc.

Coast Wholesale Appliances Inc.

July 19, 2011 16:06 ET

Coast Wholesale Appliances Inc. Declares July Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - Coast Wholesale Appliances Inc. (TSX:CWA) (Coast) today announced a cash dividend of $0.035 per share for the month of July 2011. The dividend is to be paid August 5, 2011 to shareholders of record on July 28, 2011. At current levels, Coast's monthly dividend equates to $0.42 per share on an annualized basis.

Coast is a leading independent supplier of major household appliances and accessories to developers and builders of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast currently operates 16 stores, with 15 locations across the four western provinces and one store in the Greater Toronto Area.

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