Marten Transport (MRTN) will raise its quarterly dividend by 20.0 percent to $0.03 per share in the first quarter of 2019. This is the first dividend hike since 2017 for the truckload carrier

The next dividend will be payable on March 29, 2019 to stockholders of record at the close of business on March 15, 2019. The new annual dividend of 12 cents yields 0.6% at the current stock price.

Marten Transport, with headquarters in Mondovi, Wis., is a temperature-sensitive truckload carrier in the United States. The company is specialized in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Marten offers service in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers.