The Shyft Group Announces Quarterly Dividend
The Shyft Group, Inc. (NASDAQ: SHYF) announced a cash dividend of $0.05 per share, reflecting its commitment to returning value to shareholders. This quarterly dividend is set to be paid on March 17, 2023, to shareholders of record as of February 17, 2023. The company, a leader in specialty vehicle manufacturing with reported sales of $992 million in 2021, operates multiple facilities across the U.S. and Mexico. Its diverse customer base includes various government and utility entities, emphasizing its strong market presence.
- Authorized cash dividend of $0.05 per share.
- Dividend payment planned for March 17, 2023, showing commitment to shareholder returns.
- None.
NOVI, Mich., Jan. 31, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of
The Michigan-based manufacturer reported that its quarterly dividend will be payable on March 17, 2023 to shareholders of record as of the close of business on February 17, 2023.
About The Shyft Group
The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Our customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services™ and Shyft Specialty Vehicles™. Today, its family of brands includes Blue Arc™ EV Solutions, Utilimaster®, Royal Truck Body™, DuraMag®, Magnum®, Strobes-R-Us™, Spartan RV Chassis™, Red Diamond™ Aftermarket Solutions, and Builtmore Contract Manufacturing™. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 3,800 employees and contractors across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales of
CONTACT:
Randy Wilson
Vice President, Investor Relations and Treasury
The Shyft Group
Randy.Wilson@theshyftgroup.com
248.727.3755
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