Marten Transport, Ltd. (NASDAQ:MRTN – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.06 per share by the transportation company on Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, June 14th.
Marten Transport has increased its dividend by an average of 21.6% annually over the last three years. Marten Transport has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings.
Marten Transport Stock Up 0.2 %
Marten Transport stock traded up $0.04 during midday trading on Thursday, hitting $17.66. 72,304 shares of the stock were exchanged, compared to its average volume of 459,944. Marten Transport has a 52-week low of $15.33 and a 52-week high of $23.38. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 24.93 and a beta of 0.79. The business’s 50-day moving average price is $17.78 and its 200-day moving average price is $18.77.
Analyst Upgrades and Downgrades
MRTN has been the topic of a number of analyst reports. Vertical Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, January 10th. Stephens decreased their target price on shares of Marten Transport from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, April 19th.
View Our Latest Stock Report on Marten Transport
About Marten Transport
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.
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