Marten Transport, Ltd. Plans Quarterly Dividend of $0.06 (NASDAQ:MRTN)

Marten Transport, Ltd. (NASDAQ:MRTN) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.06 per share by the transportation company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 16th.

Marten Transport has decreased its dividend by an average of 0.2%annually over the last three years. Marten Transport has a dividend payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marten Transport to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 51.1%.

Marten Transport Stock Up 2.8%

NASDAQ MRTN opened at $14.98 on Wednesday. The stock has a market cap of $1.22 billion, a P/E ratio of 78.42 and a beta of 0.89. The company’s 50-day simple moving average is $13.47 and its 200 day simple moving average is $12.21. Marten Transport has a twelve month low of $9.35 and a twelve month high of $15.42.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, April 23rd. The transportation company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Marten Transport had a return on equity of 1.89% and a net margin of 1.68%.The business had revenue of $203.53 million for the quarter, compared to the consensus estimate of $207.20 million. During the same quarter in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts anticipate that Marten Transport will post 0.22 earnings per share for the current year.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.