Marten Transport Sets Three-for-Two Stock Split
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The stock split will increase the number of outstanding shares of common stock to about 21.6 million shares from about 14.4 million, the company said.
efrigerated truckload carrier Marten Transport said Thursday that its board has declared a three-for-two stock split of the company's common stock.
The split will be distributed as a dividend on Dec. 23 to stockholders of record as of Dec. 12, Marten said in a statement.
Holders of the company's common stock will receive an additional one-half share for each outstanding share of common stock held as of the record date.
Marten, which rejoined American Trucking Associations in May, is ranked No. 57 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
