The Shyft Group, Inc. (NASDAQ:SHYF – Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.05 per share on Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, November 15th.
The Shyft Group has raised its dividend payment by an average of 26.0% annually over the last three years. The Shyft Group has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Shyft Group to earn $0.68 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 29.4%.
The Shyft Group Stock Down 2.2 %
Shares of NASDAQ SHYF opened at $12.92 on Friday. The Shyft Group has a 52-week low of $9.81 and a 52-week high of $17.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82. The business has a fifty day moving average of $12.68 and a two-hundred day moving average of $12.46. The stock has a market cap of $445.61 million, a PE ratio of -107.67 and a beta of 1.65.
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About The Shyft Group
The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.
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