Monaco Coach Corporation Announces Quarterly Dividend
COBURG, Ore., Feb. 23, 2004 -- Monaco Coach Corporation announced today that its Board of Directors has authorized the payment of a regular quarterly cash dividend of $0.05 per share. The first dividend will be payable on March 18, 2004 to stockholders of record on March 4, 2004. Monaco Coach Corporation has approximately 28.6 million shares outstanding.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991018/MONACO )
Kay Toolson, Monaco Coach Corporation's Chairman and Chief Executive Officer, said, "We are pleased to announce a dividend program for our stockholders. We believe that a consistent dividend program is a further sign of our company's financial strength and optimistic business outlook. It is our objective to reward our stockholders with cash dividends as well as increasing share appreciation while at the same time maintaining our strong financial position. We believe our dividend program will help us accomplish these goals."
Headquartered in Coburg, Oregon, with additional manufacturing facilities in northern Indiana, Monaco Coach Corporation is one of the nation's leading manufacturers of recreational vehicles. The company offers customers luxury motorhomes and towable recreational vehicles under the Monaco, Holiday Rambler, Safari Beaver and McKenzie brand names.
For more information, please contact Mike Duncan, Investor Relations of Monaco Coach Corporation, +1-541-686-8011; or Bevo Beaven, Vice President, or Shirley Thompson, Principal, both of CTA Public Relations, +1-303-665-4200, for Monaco Coach Corporation.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19991018/MONACOAP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com