Spartan Motors Inc. today (April 27) announced that its board has declared a semi-annual cash dividend of $0.05 per share of common stock.

The Charlotte, Mich.-based manufacturer of custom chassis, emergency-rescue and service and delivery vehicles reported its semi-annual dividend will be payable on June 14 to shareholders of record at the close of business on May 10.

“The approval of this semi-annual dividend reflects the board’s confidence in the near and long-term future of Spartan’s operations, financial health and strategic direction,” said John Sztykiel, president and CEO of Spartan Motors. “The board is committed to providing shareholders a constant return component for their investment and consistently builds the dividend into its annual capital plan.”