CHARLOTTE, Mich., May 4, 2016 /PRNewswire/ -- Spartan Motors,
Inc. (NASDAQ: SPAR) 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 June 23, 2016 to shareholders of
record at the close of business on May
19, 2016.
"This year marks the 23rd consecutive year that
Spartan's Board of Directors has declared a semi-annual
dividend. 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.
About Spartan
Motors
Spartan Motors, Inc. is a leading designer, engineer,
manufacturer and marketer of a broad range of specialty vehicles,
specialty chassis, vehicle bodies and parts for the fleet and
delivery, recreational vehicle (RV), emergency response, defense
forces and contract assembly (light/medium duty truck: Class 3, 4
and 5) markets. The Company's brand names - Spartan Motors, Spartan
Specialty Vehicles, Spartan Emergency Response, Spartan Parts and
Accessories, and Utilimaster®, a Spartan Motors Company - are known
for quality, durability, performance, customer service and
first-to-market innovation. The Company employs approximately 1,700
associates at facilities in Michigan, Pennsylvania, South
Dakota and Indiana. Spartan
reported sales of $550 million in
2015. Visit Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
business, strategic position, financial projections, financial
strength, future plans, objectives, and the performance of our
products and operations. 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/spartan-motors-announces-dividend-300262457.html
SOURCE Spartan Motors, Inc.