Supreme Industries, Inc. Declares Quarterly Cash Dividend
September 02 2014 - 8:00AM
Business Wire
Supreme Industries, Inc. (NYSE MKT: STS), a leading
manufacturer of specialized commercial vehicles including truck
bodies, trolleys, and specialty vehicles, today announced that its
Board of Directors has reinstated a quarterly cash dividend by
declaring a dividend of two and a half cents ($0.025) per share on
its Class A and Class B common stock. The dividend is payable on
September 23, 2014, to holders of record at the close of business
on September 16, 2014.
Future cash dividend payments are subject to business
conditions, the Company's financial position, and requirements for
working capital, property, plant, and equipment expenditures and
other corporate purposes.
“We are pleased that our improved financial performance allows
us to return to paying a stockholder cash dividend,” stated Mark D.
Weber, President and Chief Executive Officer. “Our focus on
profitable growth and positive cash flow has enhanced stockholder
value and a cash dividend is one mechanism to return some of that
value.”
About Supreme Industries
Supreme Industries, Inc. (NYSE MKT: STS), is a nationwide
manufacturer of truck bodies, trolleys, and specialty vehicles
produced to the specifications of its customers. The Company's
transportation equipment products are used by a wide variety of
industrial, commercial and law enforcement customers.
News releases and other information on the Company are available
on the Internet at: http://www.supremeind.com or
http://www.b2i.us/irpass.asp?BzID=1482&to=ea&s=0
Other than historical facts contained herein, the matters set
forth in this news release are “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act, as
amended, and reflect the view of management with respect to future
events. When used in this release, words such as “believe,”
“expect,” “anticipate,” “estimate,” “intend,” “plan” and similar
expressions, as they relate to the Company or its plans or
operations, identify forward-looking statements. Such
forward-looking statements are based on assumptions made by, and
information currently available to, management. Although management
believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that the
expectations reflected in such forward-looking statements are
reasonable, and it can give no assurance that such expectations
will prove to be correct. Important factors that could cause actual
results to differ materially from such expectations include,
without limitation, an economic slowdown in the specialized vehicle
industry, restrictions on financing imposed by the Company’s
lender(s), limitations on the availability of chassis on which the
Company’s product is dependent, availability of raw materials, raw
material cost increases and severe interest rate increases.
Furthermore, the Company can provide no assurance that any raw
material cost increases can be passed on to its customers through
implementation of price increases for the Company’s products. The
forward-looking statements contained herein reflect the current
view of management with respect to future events and are subject to
those factors and other risks, uncertainties and assumptions
relating to the operations, results of operations, cash flows and
financial position of the Company. The Company assumes no
obligation to update the forward-looking statements or to update
the reasons actual results could differ from those contemplated by
such forward-looking statements.
Supreme Industries, Inc.Investor and Media Contact:Matthew J.
Dennis, CFA, 574-228-4130Investor Relations
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