The Spartan Motors Board of Directors has 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 Dec. 15, to shareholders of record at the close of business on Nov. 15.
“On behalf of Spartan Motors' Board of Directors, I am pleased to announce the declaration of this semi-annual dividend, as it demonstrates our confidence in the company’s future,” said Daryl Adams, chief executive officer of Spartan Motors. “Spartan Motors has declared a dividend since 1993, a practice we are proud to continue through 2016.”