Symbol: CVL (TSX)
CALGARY, June 15, 2012 /CNW/ - Cervus Equipment Corporation ("Cervus") announced that the board of directors of Cervus has approved a cash
dividend to Cervus shareholders of $0.185 per share for the second
quarter of 2012. Payment will be made on or about July 16, 2012 to
shareholders of record as of the close of business on June 29, 2012.
Investors are cautioned that quarterly dividends are always subject to
approval from the board of directors of Cervus, and may be increased,
decreased or suspended by the board at anytime.
Cervus acquires and manages authorized agricultural, commercial,
industrial and transportation equipment dealerships in Western Canada
through 35 dealership locations primarily in Alberta, Saskatchewan and
Manitoba. Cervus holds an approximate 60% equity interest in Agriturf
Limited, a New Zealand-based corporation that offers authorized John
Deere equipment, parts and service in the Manawatu, Rotorua, Hawke's
Bay and Taranaki regions. The primary equipment brands represented by
Cervus include John Deere agricultural equipment; Bobcat and JCB
construction equipment; Clark, Sellick, Nissan and Doosan material
handling equipment; and Peterbilt transportation equipment. The common
shares of Cervus are listed on the Toronto Stock Exchange and trade
under the symbol "CVL".