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

Mullen Group Ltd. (TSE:MTL) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.07 per share on Monday, March 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend is Friday, February 28th.

Mullen Group Stock Up 1.6 %

Shares of TSE:MTL traded up C$0.21 during midday trading on Wednesday, reaching C$13.39. The company had a trading volume of 56,852 shares, compared to its average volume of 233,996. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The stock has a market cap of C$1.19 billion, a PE ratio of 9.71, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The business’s 50 day moving average price is C$14.48 and its 200 day moving average price is C$14.65.

Wall Street Analysts Forecast Growth

MTL has been the topic of several analyst reports. Scotiabank dropped their price target on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Raymond James dropped their target price on shares of Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Cormark reduced their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, National Bankshares upped their price objective on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.84.

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.