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

Key Points

• Marten Transport, Ltd. has announced a quarterly dividend of $0.06 per share, set to be paid on September 30th to shareholders of record as of September 16th, reflecting a 2.0% annualized yield.
• The company reported earnings per share of $0.09 in its last quarterly earnings, consistent with analyst expectations, although revenue declined by 6.6% year-over-year.
• Marten Transport's stock saw a trading increase, reaching $12.12 with a market capitalization of approximately $987.66 million, while the company faces a downgrade from "hold" to "sell" by Wall Street Zen.

Marten Transport, Ltd. (NASDAQ:MRTN - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.06 per share by the transportation company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.0%.

Marten Transport has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marten Transport to earn $0.71 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 33.8%.

Marten Transport Price Performance

NASDAQ MRTN traded up $0.53 during trading hours on Tuesday, reaching $12.12. The company's stock had a trading volume of 972,687 shares, compared to its average volume of 508,593. Marten Transport has a 1-year low of $11.57 and a 1-year high of $18.63. The company's 50-day moving average is $12.95 and its two-hundred day moving average is $13.56. The firm has a market capitalization of $987.66 million, a price-to-earnings ratio of 46.62 and a beta of 0.98.

Marten Transport (NASDAQ:MRTN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Marten Transport had a return on equity of 2.72% and a net margin of 2.27%. The business had revenue of $229.92 million for the quarter, compared to analyst estimates of $231.09 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company's revenue was down 6.6% on a year-over-year basis. Equities analysts forecast that Marten Transport will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Marten Transport from a "hold" rating to a "sell" rating in a research note on Saturday.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.

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