Marten Transport (MRTN) will hike its quarterly dividend by 50 percent to 6 cents per share. The next dividend of 6 cents will be payable on March 31, 2022 to stockholders of record at the close of business on March 17. The regular annual dividend of 24 cents per share yields 1.3% at a stock price of $18.71.
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.
2022