Mar. 24, 2010 (Filing Services Canada) -- Cervus Equipment Corporation (CVL - TSX Venture), announced that the board of directors of Cervus has approved a cash dividend to Cervus shareholders of $0.18 per share for the first quarter of 2010. This represents $0.72 per share on an annualized basis. Payment will be made on or about April 15, 2010 to shareholders of record as of the close of business on March 31, 2010. 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 and as of March 15, 2010, 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 TSX Venture Exchange and trade under the symbol "CVL".
For further information, please contact:
Peter Lacey - President & CEO
Telephone: (403) 567-0339 ext. 245
Fax: (403) 567-0392
Email: placey@cervuscorp.com
Randy Muth - Chief Financial Officer
Telephone: (403) 567-0339 ext. 244
Fax: (403) 567-0392
Email: rmuth@cervuscorp.com
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.
Source: Cervus LP (TSX-V: CVL) http://www.cervuscorp.com
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