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USA. Coast Distribution System declares cash dividend for fourth quarter 2006

Tuesday, 21 November 2006

 
The Coast Distribution System, Inc. (AMEX:CRV) has announced its Board of Directors declared the cash dividend for its fourth fiscal quarter of 2006 of $0.07 per share. The dividend will be paid on December 14, 2006 to all stockholders of record as of November 30, 2006.

"The declaration of this quarterly cash dividend reflects our financial strength and our optimism about the future of Coast's financial performance, despite the ongoing difficult conditions in the RV and boating markets," said Thomas R. McGuire, Chairman and CEO of Coast. "This dividend, our eighth consecutive quarterly cash dividend since the adoption of our dividend policy in February 2005, also reflects the Board's commitment to enhance stockholder value."

Coast, one of North America's largest suppliers of aftermarket replacement parts, accessories and supplies for the recreational vehicle (RV) and marine industries, announced in August 2006 that its Board of Directors approved an increase in the Company's regular quarterly cash dividend from $0.05 per share to $0.07 per share, or $0.28 per year.

Last Updated ( Tuesday, 21 November 2006 )