Marten Transport (MRTN) will pay another special dividend of $0.50 per share in 2021. Last year the company raised its quarterly dividend by 33.3 percent to $0.04 per share and paid a special dividend of 50 cents.
The next dividend for a total of 54 cents (special and regular quarterly dividend) will be payable on October 4, 2021 to stockholders of record at the close of business on September 20, 2021. The regular annual dividend of 16 cents per share yields 1.1% at a stock price of $15.40.
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.