Mullen Group Ltd. to Issue Monthly Dividend of $0.04 (TSE:MTL)


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Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, February 19th, Zacks reports. Investors of record on Sunday, February 28th will be paid a dividend of 0.04 per share on Monday, March 15th. This represents a $0.48 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, February 25th.

MTL stock traded down C$0.14 during trading on Tuesday, hitting C$9.89. The company had a trading volume of 46,645 shares, compared to its average volume of 277,307. The business has a 50-day moving average of C$10.83 and a 200-day moving average of C$10.13. Mullen Group has a one year low of C$3.85 and a one year high of C$11.84. The stock has a market cap of C$957.87 million and a PE ratio of 15.77. The company has a current ratio of 3.25, a quick ratio of 2.84 and a debt-to-equity ratio of 67.81.

Several analysts recently commented on MTL shares. Scotiabank upped their target price on Mullen Group from C$13.00 to C$14.00 in a report on Thursday, January 14th. Raymond James restated an “outperform” rating and set a C$12.50 price target on shares of Mullen Group in a report on Friday, February 12th. BMO Capital Markets restated a “market perform” rating and set a C$13.00 price target (down from C$14.00) on shares of Mullen Group in a report on Friday, February 12th. Canaccord Genuity increased their price target on Mullen Group from C$10.50 to C$11.50 in a report on Thursday, January 7th. Finally, National Bank Financial increased their price target on Mullen Group from C$11.75 to C$12.00 and gave the stock an “outperform” rating in a report on Sunday, November 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$12.81.

About Mullen Group

Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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Dividend History for Mullen Group (TSE:MTL)

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