Coast Distribution System Declares Cash Dividend for Third Quarter 2007
2007年9月5日 - 8:58PM
PRニュース・ワイアー (英語)
MORGAN HILL, Calif., Sept. 5 /PRNewswire-FirstCall/ -- The Coast
Distribution System, Inc. (AMEX:CRV) announced its Board of
Directors declared the cash dividend for its fiscal third quarter
of 2007 of $0.07 per share, to be paid on Sept. 28, 2007 to
shareholders of record as of Sept. 17, 2007. "This is our eleventh
consecutive quarterly cash dividend since the adoption of our
dividend policy in Feb. 2005," said Thomas R. McGuire, Chairman and
CEO of Coast. "Our dividend policy is a reflection of the Board's
confidence in the long term growth of Coast, as well as an
important means of increasing shareholder value." Coast announced
in August 2006 an increase in the Company's regular quarterly cash
dividend from $0.05 per share to $0.07 per share, for a total of
$0.28 per share for the fiscal year. About The Coast Distribution
System The Coast Distribution System, Inc.
(http://www.coastdistribution.com/ ) is one of North American's
largest wholesale aftermarket suppliers of replacement parts,
supplies and accessories for the recreational vehicle (RV),
pleasure boat and outdoor recreation markets. Coast supplies more
than 14,000 products from 500 manufacturers through 17 distribution
centers located in the U.S. and Canada. Most of Coast's 12,000
customers consist of independently owned RV and marine dealers,
supply stores and service centers. Coast is a publicly traded
company 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, The Coast Distribution System, +1-408-782-6686, ; or
Ryan McGrath, Lambert, Edwards & Associates, Inc.,
+1-616-233-0500, 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