Spartan Motors, Inc. (NASDAQ: SPAR) announced that its Board of Directors has declared a cash dividend of $0.05 per share of common stock.
The Charlotte, Michigan-based manufacturer of custom chassis, emergency response and delivery and service vehicles reported its semi-annual dividend will be payable on June 25 to shareholders of record at the close of business on May 21.
"Spartan's Board of Directors has declared a semi-annual dividend for more than 20 years. We are pleased to announce this dividend and the confidence in Spartan's future it represents," said Daryl Adams, Chief Executive Officer of Spartan Motors.