Marten Transport stock dividend – Marten Transport Declares Quarterly Dividend to Shareholders
December 6, 2023
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Marten Transport ($NASDAQ:MRTN), a premier provider of temperature-sensitive truckload and logistics services, has announced the payment of a quarterly dividend. Marten Transport is a leading transportation and logistics company specializing in temperature-sensitive freight. They provide customers with dependable, time-definite service and the best combination of coverage, capacity, and reliability. The company’s commitment to service and its dedication to provide customers with quality solutions are unmatched in the industry.
Dividends – Marten Transport stock dividend
MARTEN TRANSPORT has declared a quarterly dividend to its shareholders. For the past three years, the company has issued an annual dividend per share of 0.24, 0.24, and 0.16 USD. For the years 2021 to 2023, the dividend yields are estimated to be 1.12%, 1.19%, and 1.01%, respectively.
The average dividend yield is estimated to be 1.11%. This dividend payment reflects the company’s commitment to its shareholders and its ability to generate consistent returns for them.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marten Transport. More…
| Total Revenues | Net Income | Net Margin |
| 1.19k | 83.49 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marten Transport. More…
| Operations | Investing | Financing |
| 182.6 | -167.01 | -19.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marten Transport. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 997.2 | 247.85 | 9.22 |
Key Ratios Snapshot
Some of the financial key ratios for Marten Transport are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.1% | 7.0% | 7.8% |
| FCF Margin | ROE | ROA |
| 10.7% | 7.8% | 5.8% |
Price History
The company’s stock opened the day at $18.8 and closed at $19.2, an increase of 1.9% from the previous day’s closing price. This is a great opportunity for investors to benefit from the company’s success and secure a reliable stream of income. Live Quote…
Analysis
GoodWhale has analyzed MARTEN TRANSPORT‘s financials and our star chart provides a health score of 8/10, indicating that this company is in a good financial position and capable of sustaining future operations in times of crisis. According to our analysis, MARTEN TRANSPORT has strong dividend and profitability, and medium asset and growth. We classify MARTEN TRANSPORT as a ‘rhino’, meaning they have achieved moderate revenue or earnings growth. This type of company will be attractive to investors who are looking for steady, medium-term returns with relatively low risk. They may also be a good fit for investors who are looking to diversify their portfolio with a reliable stock that isn’t too volatile. More…
Peers
The trucking industry is highly competitive, with Marten Transport Ltd competing against P.A.M. Transportation Services Inc, Heartland Express Inc, and Saia Inc. All of these companies are vying for market share in the trucking industry, and each company has its own strengths and weaknesses.
– P.A.M. Transportation Services Inc ($NASDAQ:PTSI)
P.A.M. Transportation Services Inc is a trucking company that operates in the United States, Mexico, and Canada. The company has a market cap of 633.44M as of 2022 and a Return on Equity of 31.87%. P.A.M. Transportation Services Inc is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol PTSI. The company was founded in 1980 and is headquartered in Tontitown, Arkansas.
– Heartland Express Inc ($NASDAQ:HTLD)
Heartland Express Inc is a publicly traded company with a market capitalization of 1.3 billion as of 2022. The company’s return on equity is 16.4%. Heartland Express is a trucking company that operates in the United States, Canada, and Mexico. The company offers a variety of services, including transportation of general commodities, refrigerated goods, and hazardous materials. Heartland Express also provides logistics services, such as warehousing and distribution.
– Saia Inc ($NASDAQ:SAIA)
Saia Inc. is a leading transportation and logistics company with a focus on regional shipping. The company operates through a network of terminals and intermodal facilities across the United States. Saia Inc. has a market cap of 6.11B as of 2022 and a return on equity of 20.38%. The company has a strong focus on regional shipping and operates through a network of terminals and intermodal facilities across the United States.
Summary
This dividend payment is a strong indication of the company’s financial health and investor confidence. Analysts have noted that the company has a strong cash position, healthy balance sheet, and have seen a rise in revenue year-over-year. MARTEN has also recently invested in new fleet acquisitions and expansion efforts, which are expected to have a positive impact on future earnings.
The stock is currently trading at a price-to-earnings ratio below the industry average, making it an attractive option for investors looking for value. Overall, MARTEN TRANSPORT appears to be a good long-term investment with strong fundamentals and a strong dividend program for investors seeking income.
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