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

The Shyft Group, Inc. (NASDAQ:SHYF - Get Free Report) declared a quarterly dividend on Friday, May 2nd, RTT News reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.05 per share on Monday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, May 16th.

The Shyft Group has increased its dividend payment by an average of 26.0% annually over the last three years. The Shyft Group has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Shyft Group to earn $0.95 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 21.1%.

The Shyft Group Trading Up 4.8 %

SHYF stock traded up $0.42 on Friday, hitting $9.16. 214,477 shares of the company were exchanged, compared to its average volume of 291,010. The Shyft Group has a twelve month low of $6.82 and a twelve month high of $17.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The business's fifty day moving average is $8.60 and its two-hundred day moving average is $11.17. The stock has a market capitalization of $319.98 million, a price-to-earnings ratio of -101.77 and a beta of 1.83.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The firm had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. As a group, research analysts forecast that The Shyft Group will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson raised shares of The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, January 15th.

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.