Supreme Industries, Inc. Announces Quarterly Dividend
May 30 2017 - 7:00AM
Business Wire
Supreme Industries, Inc. (NYSE MKT:STS), a leading
manufacturer of specialized commercial vehicles including truck
bodies and specialty vehicles, today announced that its Board of
Directors has declared a quarterly cash dividend of three and a
half cents ($0.035) per share on its Class A and Class B common
stock. The dividend is payable on June 21, 2017, to holders of
record at the close of business on June 14, 2017.
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.
About Supreme Industries
Supreme Industries, Inc. (NYSE MKT: STS), is a nationwide
manufacturer of truck bodies 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 online at:
www.supremecorp.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 report, words such as "believe,"
"expect," "anticipate," "estimate," "intend," "plan" and similar
expressions, as they relate to Supreme 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, limitations on the availability of chassis on which
Supreme’s product is dependent, availability of raw materials, raw
material cost increases, interest rate increases, a change in the
number of vehicles subject to a recall, changes in the costs of
implementing the recall, actions by NHTSA, including fines and/or
penalties, or limitations on the availability of materials used to
implement the recall. Additionally, end of first quarter 2017
backlog may not be indicative of end of second quarter 2017
backlog, end of full-year 2017 backlog or future performance.
Furthermore, Supreme can provide no assurance that any raw material
cost increases can be passed on to its customers through
implementation of price increases for Supreme'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 Supreme. Supreme 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170530005311/en/
Investor Relations:Matthew J. Dennis, CFA,
574-228-4130Supreme Investor Relations
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