The Shyft Group Announces Quarterly Dividend

Rhea-AI Summary

The Shyft Group (NASDAQ: SHYF), a leading North American specialty vehicle manufacturer, has announced a quarterly cash dividend of $0.05 per share of common stock. The dividend will be paid on March 28, 2025, to shareholders of record at the close of business on February 27, 2025. The company specializes in manufacturing, assembly, and upfit services for commercial, retail, and service specialty vehicle markets.

Positive

• Maintains consistent dividend payment, demonstrating financial stability
• Continues to return value to shareholders through dividend distribution

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• None.

NOVI, Mich., Feb. 14, 2025 /PRNewswire/ -- 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 $0.05 per share of common stock. 

The Michigan-based manufacturer reported that its quarterly dividend will be payable on March 28, 2025 to shareholders of record as of the close of business on February 27, 2025. 

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 and Services™ and Shyft Specialty Vehicles™. Today, its family of brands include Utilimaster^®, Blue Arc™ EV Solutions, Royal® Truck Body, DuraMag® and Magnum®, Strobes-R-Us, Spartan^® RV Chassis, Builtmore Contract Manufacturing™, and Independent Truck Upfitters. 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 employees and contractors across campuses, and operates facilities in Arizona, California, Florida, Indiana, Iowa, Maine, Michigan, Missouri, Pennsylvania, Tennessee, Texas, and Saltillo, Mexico. The Company reported sales of $872 million in 2023. Learn more at TheShyftGroup.com. 

CONTACT: 

MEDIA
Sydney Machesky
Director, Corporate Communications
Sydney.Machesky@theshyftgroup.com 
586.413.4112

INVESTORS
Randy Wilson
Vice President, Investor Relations and Treasury
Randy.Wilson@theshyftgroup.com
248.727.3755

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SOURCE The Shyft Group, Inc.

FAQ

What is the dividend amount for SHYF stock announced in February 2025?

The Shyft Group announced a quarterly cash dividend of $0.05 per share of common stock.

When is the payment date for SHYF's Q1 2025 dividend?

The dividend payment date is March 28, 2025.

What is the record date for Shyft Group's latest dividend?

The record date for the dividend is February 27, 2025.

How often does SHYF pay dividends?

Based on this announcement, SHYF pays dividends on a quarterly basis.