The Shyft Group Announces Quarterly Dividend

NOVI, Mich., Feb. 15, 2021 /PRNewswire/ -- The Shyft Group, Inc., (NASDAQ: SHYF) ("Shyft" or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors declared a cash dividend of $0.025 per share of common stock.

The Michigan-based manufacturer reported that its quarterly dividend will be payable on or before March 25, 2021, to shareholders of record at the close of business on February 25, 2021.

"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, extending our long line of dividends since 1993."

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 and Shyft Specialty Vehicles. Today, its companies include Utilimaster, Royal Truck Body, DuraMag and Magnum, Strobes-R-Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. The Shyft Group companies are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 3,000 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $757 million in 2019. Learn more about The Shyft Group at www.TheShyftGroup.com.

CONTACT:                            

Juris Pagrabs
Group Treasurer
The Shyft Group
(517) 997-3862 

SOURCE The Shyft Group