Marten Transport, Ltd. (NASDAQ:MRTN) Declares $0.06 Quarterly Dividend

Marten Transport, Ltd. (NASDAQ:MRTN) announced a quarterly dividend on Tuesday, August 18th. Shareholders 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) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 16th.

Marten Transport has decreased its dividend by an average of 0.2%per year over the last three years. Marten Transport has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 2.4%

NASDAQ MRTN opened at $14.90 on Wednesday. The firm’s 50 day moving average is $16.53 and its 200-day moving average is $15.08. The company has a market capitalization of $1.22 billion, a PE ratio of 87.65 and a beta of 0.95. Marten Transport has a 12-month low of $9.35 and a 12-month high of $18.48.

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