NOVI,
Mich., May 3, 2024 /PRNewswire/ -- 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
June 17, 2024 to shareholders of
record as of the close of business on May
17, 2024.
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 3,000 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 $872 million in 2023. Learn more
at TheShyftGroup.com.
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SOURCE The Shyft Group, Inc.