Mullen Group Ltd. to Issue Monthly Dividend of $0.07 (TSE:MTL)

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.07 per share on Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, January 31st.

Mullen Group Stock Performance

Shares of Mullen Group stock opened at C$15.01 on Friday. The company’s 50 day moving average price is C$15.05 and its two-hundred day moving average price is C$14.56. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06.

Analyst Upgrades and Downgrades

Several research firms have commented on MTL. BMO Capital Markets increased their target price on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Cormark reduced their price target on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. CIBC raised their price objective on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Scotiabank reduced their target price on Mullen Group from C$20.00 to C$19.00 in a report on Thursday. Finally, Raymond James lowered their price target on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$18.97.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.