VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 16, 2014) - Coast Wholesale Appliances Inc. (TSX:CWA) (Coast) today announced a cash dividend of $0.025 per share for the month of January 2014. The dividend is to be paid February 5, 2014 to shareholders of record on January 24, 2014. At current levels, Coast's monthly dividend equates to $0.30 per share on an annualized basis.
Founded in 1978, 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 across the four western provinces and in the Greater Toronto Area.