Marten Transport, Ltd (MRTN) To Go Ex-Dividend on March 22nd

Marten Transport, Ltd (NASDAQ:MRTN) announced a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, March 24th will be given a dividend of 0.025 per share on Friday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, March 22nd.

Shares of Marten Transport (NASDAQ:MRTN) opened at 24.30 on Tuesday. The firm has a 50-day moving average price of $23.74 and a 200-day moving average price of $22.74. Marten Transport has a 52-week low of $16.90 and a 52-week high of $27.05. The stock has a market capitalization of $793.01 million, a P/E ratio of 23.82 and a beta of 1.15.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $172.66 million for the quarter, compared to analysts’ expectations of $168.37 million. Marten Transport had a return on equity of 7.89% and a net margin of 4.99%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts predict that Marten Transport will post $1.02 EPS for the current year.

Dividend History for Marten Transport (NASDAQ:MRTN)

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Several equities analysts recently issued reports on MRTN shares. Stifel Nicolaus cut Marten Transport from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th. Seaport Global Securities started coverage on Marten Transport in a research report on Friday, December 16th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st.

In related news, Director Thomas J. Winkel sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $24.35, for a total value of $66,962.50. Following the transaction, the director now directly owns 14,045 shares of the company’s stock, valued at approximately $341,995.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.70% of the company’s stock.

About Marten Transport

Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

5 Day Chart for NASDAQ:MRTN

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