MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
Rhea-AI Summary
Marten Transport (Nasdaq: MRTN) has declared its 57th consecutive quarterly cash dividend of $0.06 per share of common stock. The dividend will be paid on September 30, 2024, to stockholders of record as of September 16, 2024. With this payment, Marten will have distributed a total of $246.7 million in cash dividends since implementing its dividend program in 2010, including $134.9 million in special dividends across 2012, 2019, 2020, and 2021.
Marten Transport, headquartered in Mondovi, Wisconsin, is a leading temperature-sensitive truckload carrier in the United States. The company offers diverse transportation services across five business platforms: Truckload, Dedicated, Intermodal, Brokerage, and MRTN de Mexico, serving the United States, Mexico, and Canada.
Positive
- Consistent dividend payments for 57 consecutive quarters
- Total of $246.7 million in cash dividends paid since 2010
- Diversified business model with five distinct transportation platforms
- Leading position in temperature-sensitive truckload carrier segment
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MRTN gained 1.41%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONDOVI, Wis., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of
This is Marten’s 57th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of
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, 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.
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