Marten Transport (MRTN) will raise its quarterly dividend by 33.3 percent to $0.04 per share. This follows a 20.0 percent dividend hike last year. The company also paid a special dividend in 2019.

The next dividend will be payable on March 31, 2020 to stockholders of record at the close of business on March 17, 2020. A new annual dividend rate of 12 cents per share yields 0.6% at a stock price of $19.76.

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. The company has paid a dividend every year since 2010.