MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport, Ltd. (Nasdaq/GS:MRTN) has declared a quarterly cash dividend of $0.06 per share, payable on March 31, 2023, to stockholders of record by the close of business on March 17, 2023. This marks Marten's 51st consecutive quarterly dividend, contributing to a total of $217.5 million paid in cash dividends since the program was launched in 2010. The company is recognized as a leading temperature-sensitive truckload carrier in the U.S., focusing on refrigerated and dry freight transportation across its five business platforms, including services in the U.S., Mexico, and Canada.

Positive

• Declared a quarterly cash dividend of $0.06 per share.
• Total cash dividends paid since 2010 reach $217.5 million.
• Marten has maintained a consistent dividend payout for 51 quarters.

Negative

• None.

MONDOVI, Wis., Feb. 20, 2023 (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 31, 2023 to stockholders of record at the close of business on March 17, 2023.

This is Marten’s 51st consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $217.5 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 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, 2021. 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 declared by MRTN?

Marten Transport has declared a quarterly cash dividend of $0.06 per share.

When is the dividend payment date for MRTN?

The dividend will be payable on March 31, 2023.

What is the record date for the MRTN dividend?

The record date for the dividend is March 17, 2023.

How many consecutive dividends has MRTN paid?

Marten Transport has paid 51 consecutive quarterly dividends.

What is the total amount of cash dividends paid by MRTN since 2010?

Marten Transport has paid a total of $217.5 million in cash dividends since the program started.