Coast Distribution System Declares Cash Dividend for Second Quarter 2007
2007年6月7日 - 10:50PM
PRニュース・ワイアー (英語)
MORGAN HILL, Calif., June 7 /PRNewswire-FirstCall/ -- The Coast
Distribution System, Inc. (AMEX:CRV) today announced its Board of
Directors declared the cash dividend for its fiscal second quarter
of 2007 of $0.07 per share. The dividend will be paid on June 29,
2007 to all stockholders of record as of June 15, 2007. "Though
conditions in the marine and RV markets remain difficult, we have
strengthened our operations in the first half of 2007 by adding
leadership to our Kipor and Husky product lines," said Thomas R.
McGuire, Chairman and CEO of Coast. "This dividend, our tenth
consecutive quarterly cash dividend since the adoption of our
dividend policy in Feb. 2005, is a reflection of the Board's
confidence in Coast and its commitment to reward shareholders for
their ownership." Coast, one of North America's largest suppliers
of aftermarket replacement parts, accessories and supplies for the
recreational vehicle (RV) and marine industries, announced in
August 2006 that its Board of Directors approved an increase in the
Company's regular quarterly cash dividend from $0.05 per share to
$0.07 per share, or $0.28 per year. About The Coast Distribution
System The Coast Distribution System, Inc.
(http://www.coastdistribution.com/) is one of the leading suppliers
of parts, accessories and supplies for recreational vehicles (RVs)
and pleasure boats in the U.S. and Canada. Coast supplies its
products to its 15,000 customers through 17 distribution centers
throughout the U.S. and Canada. Coast is publicly traded on the
American Stock Exchange under the ticker symbol CRV. Cautionary
Statements Regarding Forward-Looking Information The declaration of
cash dividends in the future, pursuant to the Company's dividend
policy, is subject to final determination each quarter by the Board
of Directors based on a number of factors, including the Company's
financial performance and its available cash resources. Also, it
could become necessary for the Company to obtain the consent of its
lender under its secured bank loan agreement in order to pay cash
dividends in the future. For these reasons, as well as others,
there can be no assurance that dividends in the future will be
equal or similar to the amount described in this press release or
that the Board of Directors will not decide to suspend or
discontinue the payment of cash dividends in the future. Statements
in this news release regarding our expectations and beliefs about
our future financial performance and trends in our markets are
"forward- looking statements" as defined in the Private Securities
Litigations Reform Act of 1995. Forward-looking statements often
include the words "believe," "expect," "anticipate," "intend,"
"plan," "estimate," "project," or words of similar meaning, or
future or conditional verbs such as "will," "would," "should,"
"could," or "may." The forward-looking statements in this news
release regarding our future financial performance are based on
current information and, because our business is subject to a
number of risks and uncertainties, actual operating results in the
future may differ significantly from the future financial
performance expected at the current time. Those risks and
uncertainties may include, among others: Loss of confidence among
consumers regarding economic conditions, which could adversely
affect their willingness to purchase and use their RVs and boats
and which, in turn, would affect their purchases of the products we
sell; increases in interest rates which affect the availability and
affordability of financing for RVs and boats; increases in the
costs and shortages in the supply of gasoline which increase the
costs of using, and the willingness and ability of consumers to
use, RVs and boats; and unusually severe or extended winter weather
conditions, which can reduce the usage of RVs and boats for periods
extending beyond the ordinary winter months or to regions that
ordinarily encounter milder winter weather conditions; possible
increases in price competition within our markets that could reduce
our margins and, therefore, our earnings; our practice of obtaining
a number of our products from single manufacturing sources, which
could lead to shortages in the supply of products to us in the
event any single source supplier were to encounter production or
other problems; and possible changes in supply relationships in our
markets, which could lead to increased competition or to reductions
in the number of products we are able to offer our customers.
Certain of these risks and uncertainties, in addition to other
risks, are more fully described in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2005, as amended
by Amendment No. 1 on Form 10-K/A, and readers of this news release
are urged to review the discussion of those risks and uncertainties
that are contained in that Report. Due to these and other possible
uncertainties and risks, readers are cautioned not to place undue
reliance on the forward-looking statements contained in this news
release, which speak only as of today's date, or to make
predictions based solely on historical financial performance. We
also disclaim any obligations to update forward-looking statements
contained in this news release or in the above referenced 2005
Annual Report, whether as a result of new information, future
events or otherwise. DATASOURCE: The Coast Distribution System,
Inc. CONTACT: Sandra Knell, CFO, of The Coast Distribution System,
Inc., +1-408-782-6686, ; or Ryan McGrath of Lambert, Edwards &
Associates, Inc., +1-616-233-0500, , for The Coast Distribution
System, Inc. Web site: http://www.coastdistribution.com/
Copyright
(AMEX:CRV)
過去 株価チャート
から 9 2024 まで 10 2024
(AMEX:CRV)
過去 株価チャート
から 10 2023 まで 10 2024