Marten Transport, Ltd. (MRTN) Announces $0.03 Quarterly Dividend

Marten Transport, Ltd. (NASDAQ:MRTN) announced a quarterly dividend on Wednesday, December 13th, Wall Street Journal reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.025 per share by the transportation company on Friday, December 29th. This represents a $0.10 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, December 21st.

Marten Transport (NASDAQ:MRTN) traded up $0.40 during trading hours on Wednesday, reaching $20.45. The company’s stock had a trading volume of 255,990 shares, compared to its average volume of 191,066. Marten Transport has a twelve month low of $12.81 and a twelve month high of $21.15. The stock has a market capitalization of $1,095.89, a P/E ratio of 32.95 and a beta of 1.34.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The business had revenue of $170.70 million during the quarter, compared to the consensus estimate of $169.67 million. During the same period last year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts forecast that Marten Transport will post 0.62 earnings per share for the current fiscal year.

A number of analysts have issued reports on MRTN shares. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, September 7th. Stifel Nicolaus set a $15.00 target price on Marten Transport and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Finally, BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.00.

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About Marten Transport

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

Dividend History for Marten Transport (NASDAQ:MRTN)

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