McCoy Corporation
TSX : MCB

McCoy Corporation

June 04, 2009 11:33 ET

McCoy Corporation Announces Quarterly Dividend

EDMONTON, ALBERTA--(Marketwire - June 4, 2009) - McCoy Corporation ("McCoy" or "the Corporation") (TSX:MCB) today announced that the Board of Directors has declared a quarterly dividend payment of $0.01 per common share payable on June 30, 2009 to shareholders of record on June 15, 2009. The dividend per common share is unchanged from the prior quarter.

About McCoy Corporation

Established in 1914, McCoy Corporation provides advanced products and services for the global energy industry. McCoy is the leading worldwide manufacturer of tubular make-up power tongs, for both land and offshore rig applications, is the second largest global supplier of make/break machines used for assembling downhole tool strings and testing pipe connections, and also manufactures consumable replacement parts (dies and inserts) used in rig equipment. McCoy also builds mobile products including vacuum tanks, hydrovac systems, pick up and lay-down machines, and custom heavy duty trailers, crane dollies and oilfield chassis. The service portion of McCoy's business includes application of wear and corrosion resistant coatings for drilling tools; hydraulic cylinder services and refurbishment for rigs and heavy equipment; and maintenance, repairs and parts for heavy duty trucks and trailers.

Forward-Looking Information

This news release and the website referenced therein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause McCoy's actual results and experience to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on forward-looking information that may be contained herein, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. McCoy undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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