NOVI, Mich., May 7, 2021 /PRNewswire/ -- 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 declared a cash dividend of $0.025 per share of common stock.
The Michigan-based manufacturer
reported that its quarterly dividend will be payable on or before
June 18, 2021, to shareholders of
record at the close of business on May 18,
2021.
"On behalf of The Shyft Group's Board of Directors, I am pleased
to announce the declaration of our regular quarterly dividend – a
practice we have been proud to continue since 1993," said
Daryl Adams, President and Chief
Executive Officer. "This dividend payment reflects the Board's
strong commitment to returning cash to our shareholders while
simultaneously reinvesting in the business to support our
growth."
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 companies include Utilimaster, Royal Truck
Body, DuraMag and Magnum, Strobes-R-Us, Spartan RV Chassis,
Builtmore Contract Manufacturing, and corresponding aftermarket
provisions. The Shyft Group companies 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 $676 million in 2020.
Learn more about The Shyft Group at www.TheShyftGroup.com.
CONTACT:
Juris Pagrabs
Group Treasurer
The Shyft Group
(517) 997-3862
View original content to download
multimedia:http://www.prnewswire.com/news-releases/the-shyft-group-announces-quarterly-dividend-301286673.html
SOURCE The Shyft Group, Inc.