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

Marten Transport, Ltd. (NASDAQ:MRTN) declared a quarterly dividend on Friday, February 20th. Shareholders 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 by an average of 0.2%per year over the last three years. Marten Transport has a payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 2.5%

Shares of NASDAQ:MRTN traded up $0.29 during trading on Friday, reaching $11.75. 841,093 shares of the company’s stock traded hands, compared to its average volume of 582,875. Marten Transport has a fifty-two week low of $9.35 and a fifty-two week high of $15.42. The firm has a market cap of $958.10 million, a PE ratio of 53.41 and a beta of 0.84. The company has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $11.58.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $0.05 earnings per share for the quarter, topping 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 company had revenue of $210.11 million during the quarter, compared to analysts’ expectations of $207.22 million. During the same quarter in the prior year, the firm posted $0.07 EPS. Marten Transport’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Marten Transport will post 0.41 EPS for the current year.

About Marten Transport

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.