dividend
confidence high
sentiment positive
materiality 0.78
Marten Transport declares $0.50 special and $0.04 quarterly dividends; credit covenant relaxed for $80M payouts
MARTEN TRANSPORT LTD
- Special dividend $0.50 per share plus regular quarterly $0.04 per share, payable Oct 4, 2021, record Sep 20, 2021.
- Eleventh Amendment waives limits on dividends/stock redemptions through Dec 31, 2021, total allowed up to $80M.
- Third consecutive year with a special dividend; total dividends paid since Q3 2010 reach $189.7 million.
- Executive chairman states dividend yield increases to 4.3%.