Spartan Motors recently announced that its board of directors declared a cash dividend of $0.05 per share of common stock.
The Charlotte, Mich.-based manufacturer of custom chassis, emergency response, and delivery and service vehicles reported that its semi-annual dividend will be payable on or before June 15 to shareholders of record at the close of business on May 15.
“On behalf of Spartan Motors’ board of directors, I am pleased to announce the declaration of our semi-annual dividend, which marks the 25th year of dividends for our company,” said Daryl Adams, president and CEO of Spartan Motors. “This long-term commitment reflects the board’s confidence in Spartan’s strategic objectives driven by sales growth and operational performance, as well as our continued commitment to providing value for our shareholders.”