VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/19/13 -- Coast Wholesale Appliances Inc. (TSX: CWA) (Coast) today announced a cash dividend of $0.025 per share for the month of June 2013. The dividend is to be paid July 5, 2013 to shareholders of record on June 28, 2013. At current levels, Coast's monthly dividend equates to $0.30 per share on an annualized basis.
Coast is a leading independent supplier of major household appliances and accessories to developers and builders of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast currently operates 16 stores, with 15 locations across the four western provinces and one store in the Greater Toronto Area.
Coast Wholesale Appliances Inc.
Chief Financial Officer