Marten Transport declared a $0.06 quarterly dividend, marking its 61st consecutive payment, totaling $266.3 million since 2010.
Quiver AI Summary
Marten Transport, Ltd. has announced a quarterly cash dividend of $0.06 per share, which will be payable on September 30, 2025, to shareholders on record as of September 16, 2025. This marks the company's 61st consecutive dividend payment. Since initiating its dividend program in 2010, Marten has distributed a total of $266.3 million in dividends, including special dividends. The company, headquartered in Mondovi, Wisconsin, specializes in time-sensitive and temperature-sensitive truck transportation, focusing on food, beverages, and consumer goods across the U.S., Canada, and Mexico. Marten's stock is listed on the Nasdaq under the ticker MRTN. The press release also includes forward-looking statements regarding future dividends and the associated risks and uncertainties.
Potential Positives
- Marten Transport has declared a regular quarterly cash dividend of $0.06 per share, demonstrating its commitment to returning value to shareholders.
- This marks the 61st consecutive quarterly cash dividend, indicating a strong and consistent financial performance and stability within the company.
- Since the implementation of the dividend program in 2010, Marten has paid a total of $266.3 million in cash dividends, reflecting a robust history of profitability and shareholder returns.
- The company is recognized as one of the leading temperature-sensitive truckload carriers in the U.S., underscoring its significance in a specialized market segment with consistent demand.
Potential Negatives
- The announcement of a relatively low quarterly cash dividend of $0.06 per share may raise concerns among investors regarding the company's growth prospects and profitability.
- The press release includes forward-looking statements that carry substantial risks and uncertainties, suggesting potential volatility in the company's future financial performance.
- While the company has a long history of paying dividends, the emphasis on past special dividends may indicate that future payouts are not guaranteed or may be reduced, which could negatively impact investor confidence.
FAQ
What is the dividend amount declared by Marten Transport?
The Board of Directors of Marten Transport has declared a quarterly cash dividend of $0.06 per share.
When will Marten Transport pay the dividend?
The dividend will be payable on September 30, 2025, to stockholders of record on September 16, 2025.
How many consecutive dividends has Marten Transport paid?
This is Marten Transport's 61st consecutive quarterly cash dividend.
What total amount has Marten paid in dividends since 2010?
Marten Transport has paid a total of $266.3 million in cash dividends since the program started in 2010.
What sectors does Marten Transport specialize in?
Marten Transport specializes in temperature-sensitive and dry truckload transportation for food, beverages, and other consumer packaged goods.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MRTN Insider Trading Activity
$MRTN insiders have traded $MRTN stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MRTN stock by insiders over the last 6 months:
- JERRY M BAUER purchased 20,000 shares for an estimated $257,659
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MRTN Hedge Fund Activity
We have seen 113 institutional investors add shares of $MRTN stock to their portfolio, and 95 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GRANITE INVESTMENT PARTNERS, LLC removed 689,496 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $9,459,885
- WELLINGTON MANAGEMENT GROUP LLP removed 575,935 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $7,901,828
- NUANCE INVESTMENTS, LLC added 508,486 shares (+9.7%) to their portfolio in Q2 2025, for an estimated $6,605,233
- GOLDMAN SACHS GROUP INC removed 491,547 shares (-64.4%) from their portfolio in Q1 2025, for an estimated $6,744,024
- NEXT CENTURY GROWTH INVESTORS LLC removed 315,760 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $4,332,227
- AMERIPRISE FINANCIAL INC added 289,450 shares (+29.9%) to their portfolio in Q1 2025, for an estimated $3,971,254
- GHP INVESTMENT ADVISORS, INC. removed 275,903 shares (-98.2%) from their portfolio in Q2 2025, for an estimated $3,583,979
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONDOVI, Wis., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 30, 2025 to stockholders of record at the close of business on September 16, 2025.
This is Marten’s 61 st consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $266.3 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010.
Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted business offering a network of time and temperature-sensitive and dry truck-based transportation and distribution capabilities across the Company’s six distinct business platforms – Temperature-Sensitive and Dry Truckload, Dedicated, Intermodal, Brokerage and MRTN de Mexico. Marten is one of the leading temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food, beverages and other consumer packaged goods that require a temperature-controlled or insulated environment. The Company offers service in the United States, Mexico and Canada, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN.
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including Marten’s current expectations concerning future payment of dividends. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially from those expressed in such forward-looking statements. Important factors known to Marten that could cause actual results to differ materially from those discussed in the forward-looking statements are discussed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Marten undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACTS: Tim Kohl, Chief Executive Officer, Doug Petit, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.
