CHARLOTTE, Mich., Nov. 7, 2016 /PRNewswire/ -- Spartan Motors, Inc.
(NASDAQ: SPAR) today announced that its Board of Directors declared
a cash dividend of $0.05 per share of
common stock.
The Charlotte, Mich.-based
manufacturer of custom chassis, emergency response and delivery and
service vehicles reported that its semi-annual dividend will be
payable on December 15, 2016, to
shareholders of record at the close of business on November 15, 2016.
"On behalf of Spartan Motors' Board of Directors, I am pleased
to announce the declaration of this semi-annual dividend, as it
demonstrates our confidence in the Company's future," said
Daryl Adams, Chief Executive Officer
of Spartan Motors. "Spartan Motors has declared a dividend since
1993, a practice we are proud to continue through 2016."
About Spartan Motors
Spartan Motors, Inc. is a leading designer, engineer,
manufacturer and marketer of a broad range of specialty vehicles,
specialty chassis, vehicle bodies and parts for the fleet and
delivery, recreational vehicle (RV), emergency response, defense
forces and contract assembly (light/medium duty truck: Class 3, 4
and 5) markets. The Company's brand names - Spartan Motors,
Spartan Specialty Vehicles, Spartan Emergency Response, Spartan
Parts and Accessories, and Utilimaster®, a Spartan Motors Company -
are known for quality, durability, performance, customer service
and first-to-market innovation. The Company employs
approximately 1,800 associates at facilities in Michigan, Pennsylvania, South
Dakota and Indiana. Spartan
reported sales of $550 million in
2015. Visit Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
business, strategic position, financial projections, financial
strength, future plans, objectives, and the performance of our
products and operations. These statements can be identified
by words such as "believe," "expect," "intend," "potential,"
"future," "may," "will," "should," and similar expressions
regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties,
and assumptions that are difficult to predict with regard to
timing, extent, and likelihood. Therefore, actual performance
and results may materially differ from what may be expressed or
forecasted in such forward-looking statements. Factors that could
contribute to these differences include operational and other
complications that may arise affecting the implementation of our
plans and business objectives; continued pressures caused by
economic conditions and the pace and extent of the economic
recovery; challenges that may arise in connection with the
integration of new businesses or assets we acquire or the
disposition of assets; restructuring of our operations, and/or our
expansion into new geographic markets; issues unique to government
contracting, such as competitive bidding processes, qualification
requirements, and delays or changes in funding; disruptions within
our dealer network; changes in our relationships with major
customers, suppliers, or other business partners, including Isuzu;
changes in the demand or supply of products within our markets or
raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors
that could affect outcomes are set forth in our Annual Report on
Form 10-K and other filings we make with the Securities and
Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking
statements in this release are qualified by this paragraph.
Investors should not place undue reliance on forward-looking
statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking
statements in this release, whether as a result of new information,
future events, or otherwise.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/spartan-motors-announces-dividend-300357696.html
SOURCE Spartan Motors, Inc.