Cervus Equipment Corporation Announces Dividend

Symbol: CVL (TSX)

CALGARY, June 15, 2012 /CNW/ - Cervus Equipment Corporation ("Cervus") announced that the board of directors of Cervus has approved a cash dividend to Cervus shareholders of $0.185 per share for the second quarter of 2012.    Payment will be made on or about July 16, 2012 to shareholders of record as of the close of business on June 29, 2012.  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.

About Cervus

Cervus acquires and manages authorized agricultural, commercial, industrial and transportation equipment dealerships in Western Canada through 35 dealership locations primarily in Alberta, Saskatchewan and Manitoba. Cervus holds an approximate 60% equity interest in Agriturf Limited, a New Zealand-based corporation that offers authorized John Deere equipment, parts and service in the Manawatu, Rotorua, Hawke's Bay and Taranaki regions. The primary equipment brands represented by Cervus include John Deere agricultural equipment; Bobcat and JCB construction equipment; Clark, Sellick, Nissan and Doosan material handling equipment; and Peterbilt transportation equipment. The common shares of Cervus are listed on the Toronto Stock Exchange and trade under the symbol "CVL".

 

Graham Drake - President & CEO   
Telephone: [phone]
Fax: [phone]     Email: [email protected] 

Randy Muth - Chief Financial Officer  
Telephone: [phone]
Fax: [phone]    Email: [email protected]