VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/16/12 -- Coast Wholesale Appliances Inc. (TSX: CWA) (Coast) has announced a cash dividend of $0.035 per share for the month of November 2012. The dividend is to be paid December 5, 2012 to shareholders of record on November 23, 2012. At current levels, Coast's monthly dividend equates to $0.42 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.