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. This dividend will be paid on September 16, 2024, to shareholders of record at the close of business on August 16, 2024. The Shyft Group specializes in manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets. This announcement demonstrates the company's commitment to providing regular returns to its shareholders.

Positive

• Consistent dividend payment indicates financial stability
• Dividend provides immediate income for shareholders

Negative

• None.

NOVI, Mich., Aug. 2, 2024 /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 September 16, 2024 to shareholders of record as of the close of business on August 16, 2024. 

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, Red Diamond™ Aftermarket Solutions, 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 announced by The Shyft Group (SHYF) for Q3 2024?

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

When is the dividend payable for The Shyft Group (SHYF) shareholders?

The dividend is payable on September 16, 2024, to shareholders of record as of the close of business on August 16, 2024.

What is the record date for The Shyft Group's (SHYF) Q3 2024 dividend?

The record date for The Shyft Group's Q3 2024 dividend is August 16, 2024.

How often does The Shyft Group (SHYF) pay dividends?

Based on the announcement of a quarterly dividend, The Shyft Group appears to pay dividends on a quarterly basis.