The Shyft Group Announces Quarterly Dividend

Rhea-AI Summary

The Shyft Group (NASDAQ: SHYF), North America's leader in specialty vehicle manufacturing, has declared a quarterly cash dividend. The Board of Directors has authorized a dividend payment of $0.05 per share of common stock.

Shareholders of record as of the market close on May 16, 2025, will receive the dividend payment on June 16, 2025. The Michigan-based company specializes in manufacturing, assembly, and upfit services for commercial, retail, and service specialty vehicle markets.

Positive

• Consistent dividend payment demonstrates financial stability
• Board confidence in cash flow by maintaining dividend program

Negative

• Low dividend amount of $0.05 per share indicates limited cash distribution to shareholders

NOVI, Mich., April 30, 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 June 16, 2025 to shareholders of record as of the close of business on May 16, 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 2,900 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 $786 million in 2024. 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

When will The Shyft Group (SHYF) pay its next dividend in 2025?

The Shyft Group will pay its next dividend of $0.05 per share on June 16, 2025, to shareholders who own the stock as of May 16, 2025.

How much is The Shyft Group's (SHYF) quarterly dividend payment?

The Shyft Group's quarterly dividend payment is $0.05 per share of common stock.

What is the record date for Shyft Group's (SHYF) Q2 2025 dividend?

The record date for Shyft Group's dividend is May 16, 2025. Shareholders must own the stock by this date to receive the dividend payment.

Does The Shyft Group (SHYF) pay regular dividends?

Yes, The Shyft Group pays dividends to shareholders. The Board of Directors has authorized a quarterly cash dividend payment to stockholders.

What business is The Shyft Group (SHYF) in?

The Shyft Group is North America's leader in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets.