MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport (MRTN) has declared a quarterly cash dividend of $0.04 per share, payable on June 30, 2021, to stockholders of record as of June 16, 2021. This marks the company’s 44th consecutive quarterly dividend, totaling $144.9 million in cash dividends since the program began in Q3 2010. Marten specializes in refrigerated and dry truck-based transportation across the U.S., Canada, and Mexico, focusing on temperature-sensitive products.

Positive

• Declared a quarterly cash dividend of $0.04 per share.
• 44 consecutive quarterly dividends demonstrate consistent shareholder returns.
• Total cash dividends paid amount to $144.9 million since 2010.

Negative

• None.

MONDOVI, Wisc., May 04, 2021 (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, 2021 to stockholders of record at the close of business on June 16, 2021.

This is Marten’s 44th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $144.9 million in cash dividends, including special dividends totaling $93.5 million in 2020, 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 Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Marten undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What is the dividend amount announced by Marten Transport (MRTN)?

Marten Transport announced a quarterly cash dividend of $0.04 per share.

When will Marten Transport's dividend be paid?

The dividend will be payable on June 30, 2021.

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

The record date for the dividend is June 16, 2021.

How many consecutive dividends has Marten Transport declared?

Marten Transport has declared 44 consecutive quarterly dividends.

What is the total amount of cash dividends paid by Marten Transport since the program started?

Marten Transport has paid a total of $144.9 million in cash dividends since the program's inception in 2010.