VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) -
Attention Business / Financial Editors:
Coast Wholesale Appliances Inc. (TSX:CWA) (Coast) today announced a cash dividend of $0.025 per share for the month of May 2014. The dividend is to be paid June 5, 2014 to shareholders of record on May 23, 2014. At current levels, Coast's monthly dividend equates to $0.30 per share on an annualized basis.
Coast is a leading independent supplier of major household appliances and accessories to builders and developers of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast operates stores across the four western provinces and in the Greater Toronto Area of Ontario, as well as a network of warehouse distribution centres strategically situated to serve these locations.