Marten Transport, Ltd.
MRTNIndustrials · Trucking · Stock · quarterly payer
Forward Yield
1.87%
Annual Dividend
$0.24
Payout Ratio
160%
5-Yr Growth
14.0%
Ex-Date
Sep 16, 2026
Frequency
Quarterly
Key facts about MRTN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Marten Transport, Ltd. (MRTN) has a forward dividend yield of 1.87%, based on an annual dividend of $0.24 per share and a share price of $12.84.
- As of Oct 18, 2026, MRTN's dividend safety grade from SmarterDividends is A (85 out of 100), which rates the dividend as very safe.
- MRTN has never cut its regular dividend in the payment history SmarterDividends has on record.
- MRTN's most recent ex-dividend date was Sep 16, 2026, for a dividend of $0.0600 per share.
- As of Oct 18, 2026, MRTN pays out 160% of its trailing 12-month earnings as dividends (its payout ratio).
- MRTN's dividend has grown at an average rate of 14.0% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MRTN is $7.34 per share, 43% below the $12.84 share price, so MRTN screens as overvalued.
- Marten Transport, Ltd. (MRTN) pays its dividend quarterly, 4 times a year.
- Marten Transport, Ltd. (MRTN) has raised its regular dividend 7 times and cut it 0 times across the 65 payments on record since 2010. Its most recent change was a 50.0% increase to $0.0600 per share, going ex-dividend on Mar 16, 2022.
Cite this page
SmarterDividends, "MRTN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MRTN
Summary
As of Oct 18, 2026, Marten Transport, Ltd. (MRTN) yields 1.87% ($0.24 a year per share) and has a dividend safety grade of A (85/100).
Is MRTN a good dividend stock?
YesMarten Transport, Ltd. (MRTN) pays a quarterly dividend yielding 1.87% ($0.24/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Strong 14.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Elevated payout ratio (160%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.87%
- Payout Ratio
- 160%
- Annual Dividend
- $0.24
- 5-Yr Avg Growth
- 14.0%
- Ex-Dividend Date
- Sep 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.01
- Market Cap
- $1.0B
- P/E Ratio
- 85.6
- 5-Yr Total Return
- -20%
- 52-Week Range
- $9.35 – $18.48
- Dividend Safety
- A · 85/100
- Ever Cut?
- No
MRTN dividend raises and cuts
Marten Transport, Ltd. (MRTN) has raised its regular dividend 7 times and cut it 0 times across the 65 payments on record since 2010. Its most recent change was a 50.0% increase to $0.0600 per share, going ex-dividend on Mar 16, 2022.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 16, 2022 | Raise | $0.0400 → $0.0600 | +50.0% |
| Sep 15, 2020 | Raise | $0.0267 → $0.0400 | +50.0% |
| Mar 16, 2020 | Raise | $0.0200 → $0.0267 | +33.3% |
| Mar 14, 2019 | Raise | $0.0167 → $0.0200 | +20.0% |
| Sep 14, 2017 | Raise | $0.0100 → $0.0167 | +66.7% |
| Aug 23, 2013 | Raise | $0.0067 → $0.0100 | +50.0% |
| May 10, 2012 | Raise | $0.0053 → $0.0067 | +25.0% |
Frequently Asked Questions
Is MRTN a good dividend stock?
Yes. Marten Transport, Ltd. (MRTN) pays a quarterly dividend yielding 1.87% ($0.24/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is MRTN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MRTN's fair value is about $7.34 versus a $12.84 share price — so it looks overvalued (-43% vs. fair value).
Is MRTN's dividend safe?
MRTN has a dividend-safety grade of A (85/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is MRTN's fair value?
Our blended fair-value estimate for MRTN is about $7.34 per share, about 43% below the current $12.84 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MRTN a buy, hold, or sell?
We don't issue formal ratings, but on the data MRTN screens as "yes" and overvalued. Marten Transport, Ltd. (MRTN) pays a quarterly dividend yielding 1.87% ($0.24/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will MRTN cut its dividend?
MRTN earns a dividend-safety grade of A (85/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MRTN pay a dividend?
Yes. Marten Transport, Ltd. pays a quarterly dividend of about $0.24 per share annually, a forward yield of roughly 1.87%.
What is MRTN's dividend yield?
As of Oct 18, 2026, MRTN's forward dividend yield is 1.87%, based on a $0.24 annual dividend and a $12.84 share price.
What is MRTN's dividend per share?
As of Oct 18, 2026, MRTN pays $0.24 per share per year, distributed on a quarterly basis.
What is MRTN's dividend payout ratio?
As of Oct 18, 2026, MRTN's payout ratio is 160% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has MRTN grown its dividend?
MRTN does not currently have a long dividend-growth streak on record.
When is the next MRTN ex-dividend date?
As of Oct 18, 2026, MRTN's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $0.0600 per share.
MRTN Price — Last 12 Months
Daily close
Price Return
1 Year
+25%
3 Years
-32%
5 Years
-20%
52-Week Range
$9.35 – $18.48
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MRTN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Marten Transport, Ltd. is $7.34 per share, versus a market price of $12.84. That implies 43% of downside.
Fair Value
$7.34
Current Price
$12.84
Downside
-43%
Margin of Safety
-75%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 16.2% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.4% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $0.15 EPS, $0.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MRTN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MRTN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 16, 2026 | Sep 30, 2026 | $0.0600 | regular |
| Jun 16, 2026 | Jun 30, 2026 | $0.0600 | regular |
| Mar 17, 2026 | Mar 31, 2026 | $0.0600 | regular |
| Dec 15, 2025 | Dec 29, 2025 | $0.0600 | regular |
| Sep 16, 2025 | Sep 30, 2025 | $0.0600 | regular |
| Jun 13, 2025 | Jun 27, 2025 | $0.0600 | regular |
| Mar 14, 2025 | Mar 28, 2025 | $0.0600 | regular |
| Dec 13, 2024 | Dec 27, 2024 | $0.0600 | regular |
| Sep 16, 2024 | Sep 30, 2024 | $0.0600 | regular |
| Jun 14, 2024 | Jun 28, 2024 | $0.0600 | regular |
| Mar 14, 2024 | Mar 29, 2024 | $0.0600 | regular |
| Dec 14, 2023 | Dec 29, 2023 | $0.0600 | regular |
| Sep 14, 2023 | Sep 29, 2023 | $0.0600 | regular |
| Jun 15, 2023 | Jun 30, 2023 | $0.0600 | regular |
Income Calculator
At $0.24 / yr per share
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