Marten Transport, Ltd Declares None Dividend of $0.68 (NASDAQ:MRTN)

Marten Transport, Ltd (NASDAQ:MRTN) announced a None dividend on Tuesday, August 13th, NASDAQ reports. Shareholders of record on Monday, August 26th will be given a dividend of 0.68 per share by the transportation company on Monday, September 30th. The ex-dividend date is Friday, August 23rd.

Marten Transport has increased its dividend payment by an average of 18.6% per year over the last three years. Marten Transport has a payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marten Transport to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 10.0%.

NASDAQ MRTN opened at $19.87 on Thursday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 19.87 and a beta of 1.49. The stock’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $18.73. Marten Transport has a 52 week low of $15.39 and a 52 week high of $23.45.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, July 18th. The transportation company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $208.45 million. Marten Transport had a return on equity of 10.25% and a net margin of 7.33%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Sell-side analysts forecast that Marten Transport will post 1.12 earnings per share for the current fiscal year.

MRTN has been the topic of several research reports. BidaskClub upgraded Marten Transport from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Stephens initiated coverage on Marten Transport in a research note on Monday, July 1st. They issued a “hold” rating on the stock. Stifel Nicolaus set a $18.00 target price on Marten Transport and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded Marten Transport from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating, Marten Transport presently has a consensus rating of “Hold” and a consensus price target of $20.67.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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Dividend History for Marten Transport (NASDAQ:MRTN)

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