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

The Shyft Group, Inc. (NASDAQ:SHYF) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Thursday, February 27th will be given a dividend of 0.05 per share on Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, February 27th.

The Shyft Group has increased its dividend payment by an average of 26.0% per year over the last three years. The Shyft Group has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of SHYF opened at $10.56 on Tuesday. The company has a market capitalization of $368.88 million, a price-to-earnings ratio of -117.32 and a beta of 1.66. The Shyft Group has a 52-week low of $9.81 and a 52-week high of $17.56. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $11.79 and a 200 day moving average price of $12.64.

The Shyft Group (NASDAQ:SHYF) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.09). The business had revenue of $201.43 million during the quarter, compared to analysts’ expectations of $211.90 million. The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. Research analysts predict that The Shyft Group will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.