MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport (Nasdaq/GS:MRTN) declared its quarterly cash dividend of $0.04 per share, to be paid on June 30, 2020, to shareholders recorded by June 16, 2020. This marks Marten's 40th consecutive quarterly dividend, contributing to a total of $90.3 million in cash dividends since the program started in 2010, with special dividends of $52.1 million in both 2019 and 2012. Marten is a leader in temperature-sensitive truckload transport across the U.S., Canada, and Mexico, focusing on expedited service for high-volume customers.

Positive

• Declared a quarterly cash dividend of $0.04 per share.
• Marks the 40th consecutive quarterly dividend.
• Total cash dividends since 2010 now total $90.3 million.

Negative

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News Market Reaction – MRTN

+0.28%

1 alert

+0.28% News Effect

On the day this news was published, MRTN gained 0.28%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MONDOVI, Wis., May 05, 2020 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share of common stock. The dividend will be payable on June 30, 2020 to stockholders of record at the close of business on June 16, 2020. This is Marten’s 40^th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $90.3 million in cash dividends, including special dividends totaling $52.1 million in 2019 and 2012, since the dividend program was implemented in the third quarter of 2010. 

Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of refrigerated and dry truck-based transportation capabilities across the Company’s five distinct business platforms – 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, Canada and Mexico, 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 Item 1A of Marten’s Annual Report on Form 10-K for the year ended December 31, 2019. 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, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.

FAQ

What is the dividend amount for Marten Transport (MRTN) in 2020?

Marten Transport declared a dividend of $0.04 per share.

When is the dividend payment date for MRTN?

The dividend will be payable on June 30, 2020.

What is the record date for Marten Transport's dividend?

The record date is June 16, 2020.

How many consecutive dividends has Marten Transport paid?

Marten Transport has paid 40 consecutive quarterly dividends.

What total amount has Marten paid in cash dividends?

Marten has paid a total of $90.3 million in cash dividends since the program began.