Supreme Industries, Inc. (NYSE MKT: STS) announced a 5% stock dividend on its outstanding Class A and Class B Common Stock.
Stockholders of record as of May 20 will receive the stock dividend for each share owned on that date, payable on June 3.
Future dividend payments are necessarily subject to business conditions, the company's financial position, and requirements for working capital, property, plant, and equipment expenditures, and other corporate purposes.
Cash in lieu of fractional shares will be paid to stockholders based on the closing sales price of the Company's Class A Common Stock on the record date. As of May 7, 2013, Supreme Industries had 15,370,565 shares of Common Stock outstanding consisting of 13,653,628 shares of Class A Common Stock and 1,716,937 shares of Class B Common Stock.