NOVI, Mich., Aug. 05, 2022 (GLOBE NEWSWIRE) — The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American chief in specialty car manufacturing, meeting, and upfit for the industrial, retail, and repair specialty car markets, right now introduced that its Board of Directors licensed a money dividend of $0.05 per share of frequent inventory.
The Michigan-based producer reported that its quarterly dividend can be payable on or earlier than September 16, 2022, to shareholders of report on the shut of business on August 17, 2022.
“I am pleased to announce, on behalf of The Shyft Group’s Board of Directors, the declaration of our regular quarterly dividend,” stated Daryl Adams, President and Chief Executive Officer. “This dividend payment reflects the Board’s strong commitment to returning cash to our shareholders, and the confidence we have in the strong financial performance of the Company.”
About The Shyft Group
The Shyft Group is the North American chief in specialty car manufacturing, meeting, and upfit for the industrial, retail, and repair specialty car markets. Our clients embody first-to-last mile supply firms throughout vocations, federal, state, and native authorities entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business models: Shyft Fleet Vehicles & Services™ and Shyft Specialty Vehicles™. Today, its household of manufacturers consists of Blue Arc™ EV Solutions, Utilimaster®, Royal Truck Body™, DuraMag® and Magnum®, Strobes-R-Us™, Spartan RV Chassis™, Builtmore Contract Manufacturing™, and corresponding aftermarket provisions. The Shyft Group and its go-to-market manufacturers are well-known of their respective industries for high quality, sturdiness, and first-to-market innovation. The Company employs roughly 3,800 workers and contractors throughout campuses, and operates services in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported gross sales of $992 million in 2021. Learn extra about The Shyft Group at TheShyftGroup.com.
CONTACT:
Randy Wilson
Vice President, Investor Relations and Treasury
Cell: 248.727.3755
Email: [email protected]
