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The Shyft Group Announces Quarterly Dividend

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The Shyft Group, Inc. (NASDAQ: SHYF), a North American specialty vehicle manufacturer, has announced a cash dividend of $0.05 per share of common stock. The dividend will be payable on December 15, 2023, to shareholders of record as of November 16, 2023.
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NOVI, Mich., Oct. 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 $0.05 per share of common stock. 

The Michigan-based manufacturer reported that its quarterly dividend will be payable on December 15, 2023 to shareholders of record as of the close of business on November 16, 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 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, 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 4,200 employees and contractors across campuses, and operates facilities in Arizona, California, Florida, Indiana, Maine, Michigan, Missouri, Pennsylvania, Tennessee, Texas, and Saltillo, Mexico. The Company reported sales of $1.0 billion in 2022. Learn more at TheShyftGroup.com.

CONTACT

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


FAQ

What is the company that announced the cash dividend?

The company that announced the cash dividend is The Shyft Group, Inc. (NASDAQ: SHYF).

What is the amount of the cash dividend per share?

The cash dividend per share is $0.05.

When will the dividend be payable?

The dividend will be payable on December 15, 2023.

Who are eligible for the dividend?

Shareholders of record as of November 16, 2023, are eligible for the dividend.

The Shyft Group, Inc.

NASDAQ:SHYF

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Heavy Duty Truck Manufacturing
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United States of America
NOVI

About SHYF

at spartan motors, we know the road our customers face and travel. from our beginnings in custom chassis engineering to our emergence in specialized vehicle design, custom manufacturing, and contract assembly, we combine expertise in what best fits beneath your vehicle with the ability to fully optimize what sits above it. whatever the load, whatever the road, spartan motors can help you command it.