The Shyft Group, Inc., parent company of Spartan RV Chassis and a leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail, and service specialty vehicle markets, announced its board of directors authorized a cash dividend.
The dividend will be $0.05 per share of common stock. According to Yahoo Finance, The Shyft Group has about 35.07 million outstanding shares. The dividend payout will cost the supplier about $1.85 million.
The Michigan-based manufacturer said its quarterly dividend will be payable March 17 to shareholders of record as of the close of business Feb. 17.
