Spartan Motors, Inc. (NASDAQ: SPAR) 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, 2017, to shareholders of record at the close of business on May 15, 2017.
"On behalf of Spartan Motors' Board of Directors, I am pleased to announce the declaration of this semi-annual dividend, which marks the 24th consecutive year that the company has paid a dividend," said Daryl Adams, Chief Executive Officer of Spartan Motors. "We remain committed to returning cash dividends to shareholders while simultaneously reinvesting in the business to support our growth goals. These actions underscore our confidence in our ability to continue to deliver strong, profitable sales and cash flow."