Jun. 15, 2011 (Canada NewsWire Group) --
Symbol: CVL (TSX)
CALGARY, June 15, 2011 /CNW/ - Cervus Equipment Corporation ("Cervus") announced that the board of directors of Cervus has approved a cash dividend to Cervus shareholders of $0.18 per share for the second quarter of 2011. This represents $0.72 per share on an annualized basis. Payment will be made on or about July 15, 2011 to shareholders of record as of the close of business on June 30, 2011. 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.
With 30 company-owned and managed locations in British Columbia, Alberta, Saskatchewan, and Manitoba, Cervus' primary brands include John Deere agricultural equipment, Bobcat and JCB construction equipment, and industrial brands including Clark, Sellick, Nissan and Doosan material handling equipment. The shares of Cervus are listed on the Toronto Stock Exchange and trade under the symbol "CVL".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Peter Lacey - President & CEO
Telephone: (403) 567-0339
Fax: (403) 567-0392 Email: placey@cervuscorp.com
Randy Muth - Chief Financial Officer
Telephone: (403) 567-0339
Fax: (403) 567-0392 Email: rmuth@cervuscorp.com