MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport (NASDAQ: MRTN) has declared a regular quarterly cash dividend of $0.06 per share, payable on June 27, 2025, to stockholders of record as of June 13, 2025. This marks the company's 60th consecutive quarterly dividend. Since implementing its dividend program in 2010, Marten has distributed total cash dividends of $261.4 million, including special dividends of $134.9 million paid in 2021, 2020, 2019, and 2012. Marten Transport operates as a leading temperature-sensitive truckload carrier in the United States, offering transportation and distribution services across six business platforms, including Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage, and MRTN de Mexico.

Positive

• Consistent dividend payments for 60 consecutive quarters showing financial stability
• Strong dividend history with $261.4 million total cash dividends paid since 2010
• History of special dividend payments, with $134.9 million in special dividends distributed across multiple years

Negative

• Relatively small quarterly dividend amount of $0.06 per share
• No increase in regular dividend amount mentioned in the announcement

MONDOVI, Wis., May 06, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 27, 2025 to stockholders of record at the close of business on June 13, 2025.

This is Marten’s 60^th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $261.4 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010.

Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of time and temperature-sensitive and dry truck-based transportation and distribution capabilities across the Company’s six distinct business platforms – Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage and MRTN de Mexico. Marten is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including Marten’s current expectations concerning future payment of dividends. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to Marten that could cause actual results to differ materially from those discussed in the forward-looking statements are discussed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Marten undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACTS: Tim Kohl, Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.

FAQ

What is the amount of MRTN's latest quarterly dividend?

Marten Transport (MRTN) declared a quarterly cash dividend of $0.06 per share, payable on June 27, 2025.

When is the record date for Marten Transport's Q2 2025 dividend?

The record date for MRTN's dividend is June 13, 2025, with payment scheduled for June 27, 2025.

How much has Marten Transport paid in total dividends since starting its dividend program?

Since implementing its dividend program in 2010, Marten Transport has paid a total of $261.4 million in cash dividends, including $134.9 million in special dividends.

How many consecutive quarterly dividends has MRTN paid?

Marten Transport has paid 60 consecutive quarterly cash dividends, demonstrating consistent shareholder returns.

What special dividends has Marten Transport paid in recent years?

Marten Transport paid special dividends totaling $134.9 million across the years 2021, 2020, 2019, and 2012.