Marten Transport Ltd - MRTN STOCK NEWS

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.

Marten Transport reported record operating revenue and income for Q2 2022, with net income rising 47.8% to $31.7 million, or 39 cents per share. Compared to Q2 2021, operating revenue surged 41.8% to $329.6 million, the highest in the company's history. Excluding fuel surcharges, revenue increased 32.1% to $269.1 million. Operating income also reached a record $40.9 million, a 43.5% year-over-year growth. The company repurchased 963,000 shares for $16.8 million in Q2 2022, reflecting confidence in financial strength and commitment to shareholder value.

Marten Transport has declared a quarterly cash dividend of $0.06 per share and increased its share repurchase program to $50 million, aiming to buy back approximately 3.1 million shares. In Q1 2022, the company repurchased and retired 1.3 million shares for $25 million. This dividend marks Marten's 48th consecutive payout, totaling $202.9 million in cash dividends since 2010. The company operates across various platforms, focusing on temperature-sensitive logistics in the U.S., Mexico, and Canada.

Marten Transport, Ltd. (MRTN) reports record-breaking results for Q1 2022, with net income up 52.9% to $27.5 million, or 33 cents per share, compared to the same period in 2021. Operating revenue reached $287.3 million, a 28.8% increase year-over-year, marking the highest quarterly revenue in the company’s history. Operating income also hit a record at $35.9 million, a 49.4% rise from Q1 2021. The operating ratio improved to 87.5%, showcasing operational efficiency. Marten continued to expand, adding 128 drivers and 95 refrigerated containers, and intensified shareholder value with a 50% dividend increase and $25 million in share repurchases.

Marten Transport, Ltd. (MRTN) has announced a 50% increase in its quarterly cash dividend to $0.06 per share, up from $0.04. This dividend will be payable on March 31, 2022, to shareholders recorded by March 17, 2022. This marks Marten's 47th consecutive quarterly dividend and brings the total dividends paid to $198.0 million, including $134.9 million in special dividends since 2010. The company provides temperature-sensitive trucking services across the U.S., Canada, and Mexico.

Marten Transport, Ltd. (Nasdaq: MRTN) has successfully begun transporting dry van products between Mexico and the U.S., with the first load delivered on February 11, 2022. This new service aims to enhance the profitability of Marten’s existing dry truckload operations. The expansion includes new facilities in Dallas, Laredo, and Otay Mesa, broadening their service from current terminals in Atlanta, Kansas City, Tampa, and Phoenix. Marten is recognized for its refrigerated and dry truck transportation, focusing on temperature-sensitive goods across the U.S., Canada, and Mexico.

Marten Transport reported record operating revenue and income for 2021, with a 26.1% rise in net income to $24.7 million for Q4, and a 22.9% increase to $85.4 million for the year. Operating revenue surged 17.4% to $266.9 million for Q4 and rose 11.4% to $973.6 million for the year. Fuel surcharge revenue significantly increased due to higher fuel prices. Operating expenses improved as a percentage of revenue, indicating enhanced efficiency. Marten's robust performance signals strong growth potential in the transportation sector.

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.

Marten Transport, Ltd. (MRTN) reported a 17.9% increase in net income for Q3 2021, reaching $21.3 million or 26 cents per diluted share, compared to Q3 2020. Operating revenue rose 16.3% to a record $251.3 million. For the first nine months, net income improved 21.6% to $60.7 million. Fuel surcharge revenue also increased significantly, attributed to higher fuel prices. Operating expenses as a percentage of revenue improved slightly, underscoring the company's efficient management during the ongoing driver shortage and pandemic impact.