MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport (NASDAQ: MRTN) has declared its 59th consecutive quarterly cash dividend of $0.06 per share, payable on March 28, 2025, to stockholders of record as of March 14, 2025. Since implementing its dividend program in 2010, Marten has distributed $256.5 million in total cash dividends, including $134.9 million in special dividends across 2012, 2019, 2020, and 2021.

Marten Transport operates as a leading temperature-sensitive truckload carrier in the United States, offering services across six business platforms: Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage, and MRTN de Mexico. The company specializes in transporting temperature-controlled food, beverages, and consumer packaged goods throughout the United States, Mexico, and Canada.

Positive

• Maintained consistent dividend payments for 59 consecutive quarters
• Substantial dividend distribution history totaling $256.5 million since 2010
• History of special dividend payments totaling $134.9 million

Negative

• None.

MONDOVI, Wis., Feb. 21, 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 March 28, 2025 to stockholders of record at the close of business on March 14, 2025.

This is Marten’s 59^th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $256.5 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 refrigerated and dry truck-based transportation 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, 2023. 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

When will Marten Transport (MRTN) pay its next quarterly dividend?

Marten Transport will pay its next quarterly dividend of $0.06 per share on March 28, 2025, to stockholders of record as of March 14, 2025.

How much is MRTN's current quarterly dividend payment?

Marten Transport's current quarterly dividend payment is $0.06 per share of common stock.

How many consecutive quarterly dividends has MRTN paid?

Marten Transport has paid 59 consecutive quarterly cash dividends.

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

Marten Transport has paid a total of $256.5 million in cash dividends since implementing its dividend program in 2010, including $134.9 million in special dividends.

When did Marten Transport (MRTN) last pay special dividends?

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