CHARLOTTE, Mich., Nov. 5, 2015 /PRNewswire/ -- Spartan Motors, Inc.
(NASDAQ: SPAR)("Spartan" or the "Company") today 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 December 17, 2015 to shareholders
of record at the close of business on November 12, 2015.
"On behalf of Spartan's Board of Directors, I am pleased to
announce the declaration of this semi-annual dividend. The
Company has declared a dividend since 1993, a practice we are proud
to continue through 2015," said Daryl
Adams, Chief Executive Officer of Spartan Motors.
About Spartan Motors
Spartan Motors, Inc.
designs, engineers and manufactures specialty chassis, specialty
vehicles, truck bodies and aftermarket parts for the recreational
vehicle (RV,) emergency-response, defense, government services,
delivery and service markets. The Company's brand names –
SpartanTM, Spartan Chassis™, Spartan ERV™ and
Utilimaster® - are known for quality, performance, service and
first-to-market innovation. The Company employs approximately 1,700
at facilities in Michigan,
Pennsylvania, South Dakota and Indiana. Spartan reported sales of
$507 million in 2014 and is focused
on becoming a global leader in the design, engineering and
manufacture of specialty vehicles and chassis. Visit Spartan Motors
at spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
business, strategic position, financial strength, future plans,
objectives, and the performance of our products. These statements
can be identified by words such as "believe," "expect," "intend,"
"potential," "future," "may," "will," "should," and similar
expressions regarding future expectations. These
forward-looking statements involve various known and unknown risks,
uncertainties, and assumptions that are difficult to predict
with regard to timing, extent, and likelihood. Therefore,
actual performance and results may materially differ from what may
be expressed or forecasted in such forward-looking
statements. Factors that could contribute to these
differences include operational and other complications that may
arise affecting the implementation of our plans and business
objectives; continued pressures caused by economic conditions and
the pace and extent of the economic recovery; challenges that may
arise in connection with the integration of new businesses or
assets we acquire or the disposition of assets; restructuring of
our operations, and/or our expansion into new geographic markets;
issues unique to government contracting, such as competitive
bidding processes, qualification requirements, and delays or
changes in funding; disruptions within our dealer network; changes
in our relationships with major customers, suppliers, or other
business partners, including Isuzu; changes in the demand or supply
of products within our markets or raw materials needed to
manufacture those products; and changes in laws and regulations
affecting our business. Other factors that could affect
outcomes are set forth in our Annual Report on Form 10-K and other
filings we make with the Securities and Exchange Commission (SEC),
which are available at www.sec.gov or our website. All
forward-looking statements in this release are qualified by this
paragraph. Investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
We undertake no obligation to publicly update or revise any
forward-looking statements in this release, whether as a result of
new information, future events, or otherwise.
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SOURCE Spartan Motors, Inc.