Marten Transport, Ltd. (MRTN) to Distribute Quarterly Dividend of $0.06 on September 30th

Marten Transport, Ltd. (NASDAQ:MRTN) announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.06 per share by the transportation company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

Marten Transport has decreased its dividend payment by an average of 0.2%per year over the last three years. Marten Transport has a payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Marten Transport to earn $0.70 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 34.3%.

Marten Transport Stock Performance

MRTN opened at $13.80 on Monday. The company has a market capitalization of $1.13 billion, a P/E ratio of 81.18 and a beta of 0.95. Marten Transport has a 1-year low of $9.35 and a 1-year high of $18.48. The company has a 50-day moving average of $15.44 and a 200-day moving average of $15.20.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 23rd. The transportation company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.The firm had revenue of $223.54 million during the quarter, compared to analyst estimates of $227.10 million. During the same quarter in the previous year, the business posted $0.09 EPS. Marten Transport’s revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Marten Transport will post 0.27 earnings per share for the current fiscal year.

Marten Transport Company Profile

Marten Transport, Inc is a transportation and logistics company specializing in the movement of temperature-sensitive and other freight. The company provides refrigerated truck-based transportation, including truckload and dedicated services, as well as dry-van transportation for non-refrigerated goods.

In addition to its fleet operations, Marten Transport offers intermodal transportation, freight brokerage, and logistics services. Its refrigerated and dry distribution capabilities support manufacturers, food producers, retailers, and other businesses that require time-sensitive or temperature-controlled delivery.

Founded in 1946, Marten Transport serves customers throughout the United States and also supports transportation activity involving Canada and Mexico.