MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport (MRTN) has declared a quarterly cash dividend of $0.04 per share, payable on December 27, 2021, to stockholders of record by December 13, 2021. This marks Marten's 46th consecutive quarterly dividend, bringing the total cash dividends paid since the program's inception to $193.0 million, including $134.9 million in special dividends over the last four years. Marten operates a comprehensive network in temperature-sensitive transportation across the U.S., Canada, and Mexico, catering to high-volume customers.

Positive

• Declaration of a quarterly cash dividend of $0.04 per share, indicating financial stability.
• 46 consecutive quarterly cash dividends demonstrate consistent shareholder returns.
• Total cash dividends paid amount to $193.0 million, showcasing a strong commitment to returning value to shareholders.

Negative

• None.

MONDOVI, Wis., Nov. 30, 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 December 27, 2021 to stockholders of record at the close of business on December 13, 2021.

This is Marten’s 46th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $193.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 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 and in Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 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 Marten Transport (MRTN)?

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

When will the dividend for Marten Transport (MRTN) be paid?

The dividend will be payable on December 27, 2021.

What is the record date for Marten Transport's (MRTN) dividend payment?

The record date for the dividend payment is December 13, 2021.

How many consecutive quarterly dividends has Marten Transport (MRTN) paid?

Marten Transport has paid 46 consecutive quarterly dividends.

What is the total amount of cash dividends paid by Marten Transport (MRTN)?

Marten Transport has paid a total of $193.0 million in cash dividends since the dividend program started.