Marten Transport Announces New Quarterly Dividend Payout
Marten Transport Declares Regular Quarterly Dividend
Marten Transport, Ltd. (NASDAQ: MRTN) recently announced a regular quarterly cash dividend of $0.06 per share of common stock. This dividend signifies another milestone for the company, marking its commitment to delivering value to shareholders.
Dividend Payment Schedule
The dividend will be payable on a future date to shareholders who are on record as of a specific date. This regular payment underlines the company's financial stability and its dedication to returning capital to its investors.
Historic Dividend Achievements
This marks the 59th consecutive quarterly cash dividend for Marten Transport. Over the years, the company has disbursed a substantial total of approximately $256.5 million in cash dividends since its dividend program commenced in 2010. This includes special dividends totaling around $134.9 million in recent years, showcasing the firm’s ability to generate consistent revenue.
Company Overview
Marten Transport, headquartered in Mondovi, Wisconsin, operates a diverse business model focusing on truck-based transportation. They specialize in temperature-sensitive logistics and dry truckload services, offering expedited shipping for food and consumer goods that require careful temperature control. Their service network spans the United States, Mexico, and Canada, making them a notable player in the transportation industry.
The Importance of Shareholder Value
The declaration of dividends is a critical component of Marten Transport's strategy to enhance shareholder value. By consistently distributing dividends, the company not only rewards its shareholders but also demonstrates its robust financial health and operational success.
Future Outlook
With Marten Transport’s ongoing success and strong market position, the future looks promising. Investors can expect the company to maintain a firm focus on growth and profitability while continuing to prioritize shareholder returns.
Frequently Asked Questions
What is the amount of the declared dividend by Marten Transport?
The declared dividend is $0.06 per share of common stock.
How often does Marten Transport pay dividends?
Marten Transport pays dividends quarterly, marking consistent shareholder returns.
What has been the total dividend paid by Marten Transport since 2010?
Since the implementation of the dividend program in 2010, Marten Transport has paid a total of $256.5 million in cash dividends.
What markets does Marten Transport operate in?
Marten Transport operates in the United States, Mexico, and Canada, specializing in temperature-sensitive and expedited shipping.
Who to contact for more information about Marten Transport?
For more information, you can contact Tim Kohl, Doug Petit, or Jim Hinnendael at Marten Transport, Ltd. via phone at 715-926-4216.
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