Shyft Group (NASDAQ:SHYF) Has Announced A Dividend Of $0.05

Simply Wall St.11-03

The board of The Shyft Group, Inc. (NASDAQ:SHYF) has announced that it will pay a dividend on the 16th of December, with investors receiving $0.05 per share. This payment means that the dividend yield...

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(NASDAQ:SHYF) has announced that it will pay a dividend on the 16th of December, with investors receiving $0.05 per share. This payment means that the dividend yield...</p>\n\n<a href=\"https://finance.yahoo.com/news/shyft-group-nasdaq-shyf-announced-121840782.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QLD","symbol_name":"纳指两倍做多ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/shyft-group-nasdaq-shyf-announced-121840782.html","article_id":"2480365728","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YLn3ijIeE0eqFyPEk1KPDA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/1762e59d0031dd7c767b613ac375bc3b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480365728","pubTimestamp":1730636320,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The board of The Shyft Group, Inc.  has announced that it will pay a dividend on the 16th of December, with investors receiving $0.05 per share. This payment means that the dividend yield will be 1.5%, which is around the industry average.Shyft Group's Projections Indicate Future Payments May Be Unsustainable. Estimates Indicate Shyft Group's Could Struggle to Maintain Dividend Payments In The Future. Shyft Group's Future Dividends May Potentially Be At Risk. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Case in point: We've spotted 2 warning signs for Shyft Group (of which 1 is potentially serious!) you should know about. 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(NASDAQ:SHYF) has announced that it will pay a dividend on the 16th of December, with investors receiving $0.05 per share. This payment means that the dividend yield will be 1.5%, which is around the industry average. \n Check out our latest analysis for Shyft Group \nShyft Group's Projections Indicate Future Payments May Be Unsustainable\nEstimates Indicate Shyft Group's Could Struggle to Maintain Dividend Payments In The Future\nShyft Group's Future Dividends May Potentially Be At Risk\n We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. Shyft Group is not generating a profit, but its free cash flows easily cover the dividend, leaving plenty for reinvestment in the business. This gives us some comfort about the level of the dividend payments. \n Earnings per share is forecast to rise by 100.4% over the next year. If the dividend continues on its recent course, the company could be paying out several times what it earns in the next 12 months, which could start applying pressure to the balance sheet. \n\n\n\n  NasdaqGS:SHYF Historic Dividend November 3rd 2024\n \n\nShyft Group Has A Solid Track Record\n The company has an extended history of paying stable dividends. The dividend has gone from an annual total of $0.10 in 2014 to the most recent total annual payment of $0.20. This means that it has been growing its distributions at 7.2% per annum over that time. The growth of the dividend has been pretty reliable, so we think this can offer investors some nice additional income in their portfolio. \nThe Dividend Has Limited Growth Potential\n Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. However, things aren't all that rosy. Shyft Group's EPS has fallen by approximately 20% per year during the past five years. Dividend payments are likely to come under some pressure unless EPS can pull out of the nosedive it is in. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this becomes a long term trend. \nIn Summary\n Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. The company is generating plenty of cash, but we still think the dividend is a bit high for comfort. We would probably look elsewhere for an income investment. \n Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Case in point: We've spotted 2 warning signs for Shyft Group (of which 1 is potentially serious!) you should know about. Is Shyft Group not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.  \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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