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NOVI, Mich. - The Shyft Group, Inc. (NASDAQ: SHYF), a North American leader in specialty vehicle manufacturing, has declared a quarterly cash dividend of $0.05 per share of common stock, representing a 2.33% annual yield. According to InvestingPro data, the company has maintained dividend payments for an impressive 38 consecutive years. The company confirmed that this dividend is payable on June 16, 2025, to shareholders who are on record by the close of business on May 16, 2025.
The Shyft Group, known for its production, assembly, and upfitting of specialty vehicles for various markets, including delivery services, government entities, and utility sectors, operates under two primary business units: Shyft Fleet Vehicles and Services, and Shyft Specialty Vehicles. With a market capitalization of $300 million and strong liquidity position evidenced by a current ratio of 1.72, the company maintains a solid financial foundation. Its brand portfolio includes industry-recognized names such as Utilimaster®, Blue Arc™ EV Solutions, and Spartan® RV Chassis, among others.
Employing approximately 2,900 people across multiple facilities in the United States and Mexico, The Shyft Group has reported sales of $786 million for the year 2024. While the stock has experienced a significant decline of 33% over the past six months, InvestingPro analysis suggests the company is currently undervalued based on its Fair Value assessment. The company is recognized for its commitment to quality, durability, and innovation in its field.
The announcement of the dividend follows standard corporate practice of returning value to shareholders and reflects the company’s financial health and confidence in its business model. Dividends are a common way for companies to distribute a portion of their earnings to investors, and the declaration of a dividend by The Shyft Group’s Board of Directors indicates a continuation of this practice.
Investors and market watchers often view dividend announcements as a sign of a company’s stability and profitability, which can be an important factor in investment decisions. The Shyft Group’s declaration of a quarterly dividend is based on a press release statement from the company.
In other recent news, Shyft Group Inc. reported its first-quarter 2025 financial results, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $0.07, outperforming the projected loss of $0.10 per share. Revenue also exceeded forecasts, reaching $204.6 million compared to the anticipated $198.96 million, marking a 3% year-over-year increase. Shyft Group continues to focus on expanding its electric and service truck portfolio, unveiling two new vehicle models. The company is actively managing supply chain challenges, including tariff risks, through strategic sourcing and pricing. Additionally, Shyft Group reaffirmed its 2025 sales outlook, projecting revenues between $870 million and $970 million, with adjusted EBITDA guidance of $62 million to $72 million. The proposed merger with Abbe Schmidt is expected to enhance Shyft’s global presence in the specialty vehicle market. Analyst firms have not provided any recent upgrades or downgrades for Shyft Group.
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