The Shyft Group Raises Quarterly Dividend 2X to $0.05 per Share
The Shyft Group (NASDAQ: SHYF) has announced a 100% increase in its quarterly dividend, raising it from $0.025 to $0.05 per share. This change reflects the Board of Directors' confidence in the Company’s financial strength and market outlook. The dividend is payable on or before March 17, 2022, to shareholders of record by February 17, 2022. This initiative demonstrates the Company's commitment to returning capital to its shareholders while enhancing their income.
- Dividend increase from $0.025 to $0.05 per share, a 100% increase.
- Reflects strong financial health and market outlook.
- Demonstrates commitment to returning capital to shareholders.
- None.
NOVI, Mich., Feb. 03, 2022 (GLOBE NEWSWIRE) -- The Shyft Group, Inc., (NASDAQ: SHYF) (“Shyft” or the “Company”), North America’s leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors has authorized an increase in the Company’s common stock from
The Michigan-based manufacturer reported that its quarterly dividend will be payable on or before March 17, 2022, to shareholders of record at the close of business on February 17, 2022.
"We are pleased to announce an increase in our quarterly cash dividend, which is a
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 include Utilimaster®, Royal Truck Body™, DuraMag® and Magnum®, Strobes-R-Us™, Spartan RV Chassis™, Builtmore Contract Manufacturing™, and corresponding aftermarket provisions. 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 3,000 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of
CONTACT:
Juris Pagrabs
Group Treasurer
The Shyft Group
(517) 997-3862
FAQ
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