CALGARY, Alta. — Cervus Equipment Corp. (“Cervus”) (TSX: CVL) announced that the board of directors of Cervus has approved a cash dividend to Cervus shareholders of $0.2125 per share for the second quarter of 2015.
Payment will be made on or about July 15, 2015 to shareholders of record as of the close of business on June 30, 2015.
Due to the potential impact of the previously announced agreement with the Canada Revenue Agency (“CRA”) (refer to the press release dated May 4, 2015) on the Company’s future cash flows, the board of directors has decided to maintain the dividend for the current quarter, rather than increase it, as has been the practice for the previous 13 quarters.
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.