MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

Marten Transport declared a quarterly cash dividend of $0.06 per share, payable on September 30, 2022, to stockholders recorded by September 16, 2022. This marks the company’s 49th consecutive quarterly dividend.

Since initiating its dividend program in the third quarter of 2010, Marten has distributed a total of $207.7 million in cash dividends, including $134.9 million in special dividends from 2012 to 2021. Marten operates across five business platforms, focusing on temperature-sensitive transportation for food and consumer goods.

Positive

• Quarterly cash dividend of $0.06 per share enhances shareholder returns.
• Continuing the trend with 49 consecutive dividends shows financial stability.
• Over $207.7 million in cash dividends paid since Q3 2010 indicates strong cash flow.

Negative

• None.

MONDOVI, Wis., Aug. 16, 2022 (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 September 30, 2022 to stockholders of record at the close of business on September 16, 2022.

This is Marten’s 49th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $207.7 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, 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 payment date for MRTN in 2022?

The dividend payment date for Marten Transport (MRTN) is September 30, 2022.

What is the amount of the dividend declared by MRTN?

Marten Transport declared a dividend of $0.06 per share.

How many consecutive quarters has MRTN paid dividends?

Marten Transport has paid dividends for 49 consecutive quarters.

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

Since 2010, Marten Transport has paid a total of $207.7 million in cash dividends.