Marten Transport, Ltd. (MRTN) to Issue Quarterly Dividend of $0.06 on March 31st

Marten Transport, Ltd. (NASDAQ:MRTN) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.06 per share by the transportation company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

Marten Transport has decreased its dividend payment by an average of 0.2%annually over the last three years. Marten Transport has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Marten Transport to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 33.8%.

Marten Transport Trading Up 2.5%

Shares of MRTN stock traded up $0.29 on Friday, hitting $11.75. 841,093 shares of the stock were exchanged, compared to its average volume of 582,875. The firm has a market capitalization of $958.10 million, a P/E ratio of 53.41 and a beta of 0.84. Marten Transport has a fifty-two week low of $9.35 and a fifty-two week high of $15.42. The business has a 50-day moving average of $12.94 and a 200 day moving average of $11.58.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Tuesday, January 27th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Marten Transport had a return on equity of 2.27% and a net margin of 1.97%.The business had revenue of $210.11 million for the quarter, compared to analyst estimates of $207.22 million. During the same quarter last year, the firm earned $0.07 EPS. Marten Transport’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, research analysts forecast that Marten Transport will post 0.41 EPS for the current fiscal year.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.