NOVI, Mich., Aug. 05, 2022 (GLOBE NEWSWIRE) — 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 or before September 16, 2022, to shareholders of record at the close 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,” said 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 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 & Services
CONTACT:
Randy Wilson
Vice President, Investor Relations and Treasury
Cell: 248.727.3755
Email: Randy.Wilson@theshyftgroup.com
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