The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Vicwest Inc. Declares Third Quarter 2011 Dividend

Wednesday, September 14, 2011

Vicwest Inc. Declares Third Quarter 2011 Dividend08:30 EDT Wednesday, September 14, 2011OAKVILLE, ON, Sept. 14, 2011 /CNW/ - The Board of Directors of Vicwest Inc. (the "Company") (TSX: VIC, VIC.DB) today declared a dividend for the third quarter of 2011 in the amount of $0.27 per share, payable October 14, 2011 to all Vicwest Inc. shareholders of record September 30, 2011.The Board of Directors determines dividend amounts (if any) paid from period to period, taking into account, among other things, business performance including profit margins, financial condition, growth plans, and expected capital requirements. There can be no assurance that the dividend amount will remain at third quarter levels in the future. The Company also paid quarterly dividends of $0.27 per share in each of the first and second quarters of 2011.ABOUT VICWEST INC.Vicwest Inc. is a leading manufacturer and distributor of building construction products, and steel containment products for agricultural grain, fertilizer and liquid storage. Through its Vicwest Building Products division, the Company fabricates and markets metal roofing, siding and other metal building products under the trade names Vicwest, Mercury Metals, Valley Truss & Metal, RCA Metal and AWIP-Vicwest USA. The Company's Westeel Storage Solutions division manufactures storage solutions for agricultural grain and fertilizer, as well as liquid storage tanks and accessories. These products are manufactured and distributed under the trade names Westeel, Northern Steel Industries and NSI. Through a global alliance, Westeel distributes Buhler Industries-manufactured grain handling equipment in Canada under the Westeel brand while Buhler Industries markets and sells Westeel-manufactured products through its US distribution network. In Canada, Westeel also represents Skandia, Europe's most advanced elevator and conveyor grain handling systems. With approximately 1,100 dedicated employees and strategically located manufacturing facilities, the Company delivers superior quality products and excellent service to customers in chosen markets. Vicwest Inc. is a member of the S&P/TSX SmallCap Index. For more information, visit www.vicwestinc.com.FORWARD-LOOKING STATEMENTSCertain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws.  Forward-looking statements include, but are not limited to, management's beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts.  Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events.  Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements.  Readers are encouraged to review the most recently filed Management's Discussion and Analysis and other disclosure documents filed by the Company with Canadian securities regulatory agencies and commissions. Readers are cautioned not to place undue reliance on the Company's forward-looking statements.  The forward-looking statements contained herein are made as of the date of this press release and except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.For further information: Colin Osborne President & Chief Executive OfficerVicwest Inc Tel:  (905) 469-5700 Fax: (905) 825-1090 ir@vicwestinc.com Edward (Ted) A. Mahood, CA Chief Financial OfficerVicwest Inc. Tel: (905) 469-5706 Fax: (905) 825-1090 ir@vicwestinc.com