Spartan Motors Announces Dividend

Spartan Motors Announces Dividend

CHARLOTTE, Mich., April 26, 2011 /PRNewswire/ — Spartan Motors, Inc. (NASDAQ: SPAR) today announced that its board of directors has declared its 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 9, 2011 to shareholders of record at the close of business on May 12, 2011.

“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 chief executive officer 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.”

About Spartan Motors

Spartan Motors, Inc. designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response, government services, defense, and service and delivery markets. The Company’s brand names- Spartan™, Crimson Fire™, Crimson Fire Aerials™, and Utilimaster®- are known for quality, value, service and first-to-market innovation. The Company employs approximately 1,600 at facilities in Michigan, Pennsylvania, South Dakota, Indiana, Florida and Texas. Spartan reported sales of $481 million in 2010 and is focused on becoming a global leader in the design, engineering and manufacture of specialty vehicles and chassis. Visit Spartan Motors at www.spartanmotors.com.

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