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

Marten Transport, Ltd. (NASDAQ:MRTN) declared a quarterly dividend on Tuesday, May 5th. Investors 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) dividend on an annualized basis and a 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 payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ MRTN opened at $14.92 on Wednesday. Marten Transport has a fifty-two week low of $9.35 and a fifty-two week high of $15.42. The stock’s 50-day moving average is $13.47 and its two-hundred day moving average is $12.21. The firm has a market cap of $1.22 billion, a P/E ratio of 77.85 and a beta of 0.89.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Marten Transport from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Robert W. Baird upgraded shares of Marten Transport to a “strong-buy” rating in a research note on Wednesday, April 1st. Zacks Research upgraded shares of Marten Transport from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, April 2nd. Finally, Stephens cut shares of Marten Transport from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Marten Transport presently has an average rating of “Moderate Buy”.

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.