Spartan Stock To Go Ex-dividend Tomorrow (SPAR)

NEW YORK ( TheStreet) -- The ex-dividend date for Spartan Motors (Nasdaq: SPAR) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $4.57 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Spartan has been 129,400 shares per day over the past 30 days. Spartan has a market cap of $162.6 million and is part of the consumer goods sector and automotive industry. Shares are down 4% year to date as of the close of trading on Friday.

Spartan Motors, Inc. engages in the design, engineering, manufacture, and sale of specialized motor vehicle chassis and bodies primarily in the United States, Canada, South America, and Asia. The company operates in two segments, Specialty Vehicle, and Service and Delivery Vehicles. The company has a P/E ratio of 53.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Spartan as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Spartan Ratings Report.

See our dividend calendar or top-yielding stocks list.

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