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

Posted by Dante Gardener on Feb 25th, 2025

Marten Transport, Ltd. (NASDAQ:MRTN – Get Free Report) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.06 per share by the transportation company on Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, March 14th.

Marten Transport has raised its dividend by an average of 14.5% per year over the last three years. Marten Transport has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marten Transport to earn $0.71 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 33.8%.

Marten Transport Price Performance

Marten Transport stock opened at $14.47 on Tuesday. The stock has a fifty day moving average price of $15.55 and a two-hundred day moving average price of $16.50. Marten Transport has a 52-week low of $14.42 and a 52-week high of $19.51. The firm has a market capitalization of $1.18 billion, a P/E ratio of 42.56 and a beta of 0.83.

Marten Transport (NASDAQ:MRTN – Get Free Report) last announced its earnings results on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. On average, equities research analysts predict that Marten Transport will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stephens increased their target price on Marten Transport from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th.

Check Out Our Latest Stock Analysis on Marten Transport

Marten Transport Company Profile

(Get Free Report)

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.