The Shyft Group, Inc. (NASDAQ:SHYF – Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be given 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% per year over the last three years. The Shyft Group has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance
SHYF opened at $12.92 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The Shyft Group has a 12-month low of $9.81 and a 12-month high of $17.56. The business has a 50 day moving average of $12.68 and a 200-day moving average of $12.46. The stock has a market cap of $445.61 million, a price-to-earnings 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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