Diesel pusher chassis supplier Spartan Motors Inc. announced today it will pay a special 7 cents a share dividend on July 7. The special dividend will be payable to shareholders of record as of June 7.
Additionally, Spartan Motors announced that it has repurchased 942,000 of its owns shares for an average of $4.13 a share. The company is authorized to buy-back up to 2 million of its own shares.
The 942,000 shares were purchased in open market transactions.
Spartan Motors also announced today that it is on track for “strong year-over-year earnings of sales growth in 2000.”