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

Posted by Chris Copeland on Feb 19th, 2025

The Shyft Group, Inc. (NASDAQ:SHYF – Get Free Report) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Thursday, February 27th will be paid a dividend of 0.05 per share on Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, February 27th.

The Shyft Group has raised its dividend by an average of 26.0% annually over the last three years. The Shyft Group has a dividend payout ratio of 18.3% indicating that 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 1.6 %

The Shyft Group stock opened at $12.41 on Wednesday. The firm has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $12.70. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The Shyft Group has a 1-year low of $9.81 and a 1-year high of $17.56.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SHYF shares. Roth Mkm reiterated a “buy” rating and issued a $16.00 price target on shares of The Shyft Group in a research report on Tuesday, December 17th. DA Davidson upgraded The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, January 15th.

Get Our Latest Stock Analysis on SHYF

The Shyft Group Company Profile

(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.