Marten Transport, Ltd (NASDAQ:MRTN) announced a quarterly dividend on Thursday, December 6th, NASDAQ reports. Stockholders of record on Tuesday, December 18th will be given a dividend of 0.025 per share by the transportation company on Friday, December 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, December 17th.

Marten Transport has raised its dividend payment by an average of 10.1% per year over the last three years. Marten Transport has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Marten Transport to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.5%.

Marten Transport stock opened at $18.02 on Friday. Marten Transport has a 52-week low of $17.13 and a 52-week high of $29.60. The firm has a market cap of $969.98 million, a PE ratio of 29.06 and a beta of 1.37.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, October 16th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. Marten Transport had a net margin of 13.62% and a return on equity of 8.81%. The business had revenue of $199.60 million during the quarter, compared to analyst estimates of $203.10 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. As a group, equities research analysts forecast that Marten Transport will post 0.99 EPS for the current fiscal year.

Several brokerages have recently weighed in on MRTN. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Stifel Nicolaus raised shares of Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a research report on Wednesday, August 29th. They noted that the move was a valuation call. ValuEngine cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. Finally, Stephens set a $22.00 price target on shares of Marten Transport and gave the company a “hold” rating in a research report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.75.

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Marten Transport Company Profile

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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