The Shyft Group Announces Quarterly Dividend
August 02 2023 - 6:04PM
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 September 18, 2023 to shareholders of
record as of the close of business on August 17, 2023.
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, Red Diamond™
Aftermarket Solutions, and Builtmore Contract Manufacturing™. 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 4,200 employees and
contractors across campuses, and operates facilities in Arizona,
California, Florida, Indiana, Maine, Michigan, Missouri,
Pennsylvania, Tennessee, Texas, and Saltillo, Mexico. The Company
reported sales of $1.0 billion in 2022. Learn more
at TheShyftGroup.com.
CONTACT:Randy WilsonVice President, Investor
Relations and
TreasuryRandy.Wilson@theshyftgroup.com248.727.3755
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