MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
August 14 2024 - 4:02PM
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, 2024 to stockholders of record at the
close of business on September 16, 2024.
This is Marten’s 57th consecutive quarterly cash
dividend. With the payment of this dividend, Marten will have paid
a total of $246.7 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 refrigerated
and dry truck-based transportation capabilities across the
Company’s five distinct business platforms – 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, 2023. 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.
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