The Shyft Group, Inc. (NASDAQ:SHYF – Get Free Report) declared 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 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% indicating that 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 Trading Down 2.2 %
Shares of SHYF stock opened at $12.92 on Friday. 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 Shyft Group has a fifty-two week low of $9.81 and a fifty-two week high of $17.56. The company has a market cap of $445.61 million, a PE ratio of -107.67 and a beta of 1.65. The stock’s fifty day moving average price is $12.68 and its two-hundred day moving average price is $12.46.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on SHYF
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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