Supreme Industries, Inc. (NYSE MKT: STS) announced that its Board of Directors has reinstated a quarterly cash dividend by declaring a dividend of two and a half cents ($0.025) per share on its Class A and Class B common stock.
The dividend is payable on September 23 to holders of record at the close of business on September 16.
Future cash dividend payments are subject to business conditions, the company's financial position, and requirements for working capital, property, plant, and equipment expenditures and other corporate purposes.
"We are pleased that our improved financial performance allows us to return to paying a stockholder cash dividend," stated Mark D. Weber, President and Chief Executive Officer. "Our focus on profitable growth and positive cash flow has enhanced stockholder value and a cash dividend is one mechanism to return some of that value."