Marten Transport Declares Quarterly Dividend
August 14 2018 - 4:01PM
Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its
Board of Directors has declared a regular quarterly cash dividend
of two and one half cents ($0.025) per share of common stock.
The dividend will be payable on September 28, 2018 to stockholders
of record at the close of business on September 14, 2018.
This is Marten’s 33rd consecutive quarterly cash dividend.
With the payment of this dividend, Marten will have paid a total of
$42.5 million in cash dividends, including a special dividend of
$16.6 million in 2012, since the dividend program was implemented
in the third quarter of 2010.
Marten Transport, with headquarters in Mondovi,
Wis., is one of the leading temperature-sensitive truckload
carriers in the United States, specializing in transporting and
distributing food and other consumer packaged goods that require a
temperature-controlled or insulated environment. Marten’s dry
freight services are expanding, with 1,523 dry trailers operating
as of June 30, 2018. Marten offers service in the United
States, Canada and Mexico, 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 Item 1A of Marten’s
Annual Report on Form 10-K for the year ended December 31, 2017.
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, President, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.
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