OAKVILLE, 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.
Certain 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.
SOURCE Vicwest Inc.
For further information:
| Colin Osborne |
President & Chief Executive Officer
Tel: (905) 469-5700
Fax: (905) 825-1090
| Edward (Ted) A. Mahood, CA |
Chief Financial Officer
Tel: (905) 469-5706
Fax: (905) 825-1090