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

The Shyft Group, Inc. (NASDAQ:SHYF - Get Free Report) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.05 per share on Monday, June 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, May 16th.

The Shyft Group has raised its dividend by an average of 26.0% per year over the last three years. The Shyft Group has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Shyft Group to earn $0.75 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 26.7%.

The Shyft Group Trading Up 1.0 %

SHYF stock traded up $0.13 during midday trading on Friday, hitting $12.52. The stock had a trading volume of 329,201 shares, compared to its average volume of 328,629. The company's 50-day moving average price is $11.24 and its 200 day moving average price is $11.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.12. The firm has a market cap of $430.31 million, a PE ratio of -1,252.00 and a beta of 1.69. The Shyft Group has a 12-month low of $9.81 and a 12-month high of $27.36.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.03. The Shyft Group had a return on equity of 2.76% and a net margin of 0.01%. The business had revenue of $202.33 million during the quarter, compared to the consensus estimate of $205.40 million. On average, equities research analysts predict that The Shyft Group will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The Shyft Group news, CEO John Albert Dunn bought 4,545 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $11.00 per share, with a total value of $49,995.00. Following the transaction, the chief executive officer now owns 35,894 shares in the company, valued at $394,834. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their price target on shares of The Shyft Group from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, February 27th.

The Shyft Group Company Profile

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.