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The Shyft Group, Inc. (NASDAQ:SHYF) to Issue Quarterly Dividend of $0.05

The Shyft Group logo with Auto/Tires/Trucks background

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 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 1.53%. The ex-dividend date of this dividend is Friday, November 15th.

The Shyft Group has increased its dividend by an average of 26.0% annually 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 Up 1.5 %

SHYF stock traded up $0.19 during midday trading on Friday, hitting $13.11. 352,301 shares of the company's stock were exchanged, compared to its average volume of 306,721. The firm has a 50 day moving average price of $12.68 and a 200-day moving average price of $12.46. The Shyft Group has a 12-month low of $9.81 and a 12-month high of $17.56. The stock has a market capitalization of $452.16 million, a price-to-earnings ratio of -108.92 and a beta of 1.65. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

Separately, DA Davidson raised shares of The Shyft Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $12.00 to $18.00 in a research report on Monday, July 29th.

View Our Latest Stock Report on SHYF

About The Shyft Group

(Get Free Report)

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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Dividend History for The Shyft Group (NASDAQ:SHYF)

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