Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its refrigerated containers and temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2021, the company operated a fleet of 3,204 tractors, including 3,111 company-owned tractors and 93 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
Marten Transport Dividend Announcement
• Marten Transport announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-16
• Marten Transport annual dividend for 2024 was $0.18
• Marten Transport annual dividend for 2023 was $0.24
• Marten Transport's trailing twelve-month (TTM) dividend yield is 1.89%
• Marten Transport's payout ratio for the trailing twelve months (TTM) is 43.47%
• Marten Transport's dividend growth over the last five years (2018-2023) was 19.14% year
• Marten Transport's dividend growth over the last ten years (2013-2023) was 9.15% year
Marten Transport Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $0.06 | quarterly | 2024-09-30 |
2024-06-14 | $0.06 | quarterly | 2024-06-28 |
2024-03-14 | $0.06 | quarterly | 2024-03-29 |
2023-12-14 | $0.06 | quarterly | 2023-12-29 |
2023-09-14 | $0.06 | quarterly | 2023-09-29 |
2023-06-15 | $0.06 | quarterly | 2023-06-30 |
2023-03-16 | $0.06 | quarterly | 2023-03-31 |
2022-12-12 | $0.06 | quarterly | 2022-12-27 |
2022-09-15 | $0.06 | quarterly | 2022-09-30 |
2022-06-15 | $0.06 | quarterly | 2022-06-30 |
2022-03-16 | $0.06 | quarterly | 2022-03-31 |
2021-12-10 | $0.04 | quarterly | 2021-12-27 |
2021-09-17 | $0.54 | quarterly | 2021-10-04 |
2021-06-15 | $0.04 | quarterly | 2021-06-30 |
2021-03-16 | $0.04 | quarterly | 2021-03-31 |
2020-12-11 | $0.50 | quarterly | 2020-12-28 |
2020-09-15 | $0.04 | quarterly | 2020-09-30 |
2020-06-15 | $0.04 | quarterly | 2020-06-30 |
2020-03-16 | $0.04 | quarterly | 2020-03-31 |
2019-12-12 | $0.03 | quarterly | 2019-12-27 |
2019-08-23 | $0.65 | quarterly | 2019-09-30 |
2019-06-13 | $0.03 | quarterly | 2019-06-28 |
2019-03-14 | $0.03 | quarterly | 2019-03-29 |
2018-12-17 | $0.03 | quarterly | 2018-12-28 |
2018-09-13 | $0.03 | quarterly | 2018-09-28 |
2018-06-14 | $0.03 | quarterly | 2018-06-29 |
2018-03-16 | $0.03 | quarterly | 2018-03-30 |
2017-12-21 | $0.03 | quarterly | 2017-12-29 |
2017-09-14 | $0.03 | quarterly | 2017-09-29 |
2017-06-14 | $0.03 | quarterly | 2017-06-30 |
2017-03-22 | $0.03 | quarterly | 2017-03-31 |
2016-12-12 | $0.03 | quarterly | 2016-12-28 |
2016-09-09 | $0.03 | quarterly | 2016-09-27 |
2016-06-10 | $0.03 | quarterly | 2016-06-28 |
2016-03-11 | $0.03 | quarterly | 2016-03-29 |
2015-12-11 | $0.03 | quarterly | 2015-12-29 |
2015-09-14 | $0.03 | quarterly | 2015-09-30 |
2015-06-12 | $0.03 | quarterly | 2015-06-30 |
2015-03-13 | $0.03 | quarterly | 2015-03-31 |
2014-12-12 | $0.03 | quarterly | 2014-12-30 |
2014-09-12 | $0.03 | quarterly | 2014-09-30 |
2014-06-12 | $0.03 | quarterly | 2014-06-30 |
2014-03-19 | $0.03 | quarterly | 2014-04-04 |
2013-12-13 | $0.03 | quarterly | 2013-12-30 |
2013-08-23 | $0.03 | quarterly | 2013-09-10 |
2013-05-15 | $0.03 | quarterly | 2013-05-31 |
2013-03-13 | $0.03 | quarterly | 2013-03-29 |
Marten Transport Dividend per year
Marten Transport Dividend growth
Marten Transport Dividend Yield
Marten Transport current trailing twelve-month (TTM) dividend yield is 1.89%. Interested in purchasing Marten Transport stock? Use our calculator to estimate your expected dividend yield:
Marten Transport Financial Ratios
Marten Transport Dividend FAQ
Other factors to consider when evaluating Marten Transport as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Marten Transport's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Marten Transport publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Marten Transport distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Marten Transport are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Marten Transport sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Marten Transport distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Marten Transport declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Marten Transport's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Marten Transport's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.