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

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, February 19th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, February 25th.

Shares of TSE MTL traded down C$0.08 during mid-day trading on Tuesday, hitting C$9.95. The company had a trading volume of 82,370 shares, compared to its average volume of 277,454. The stock’s 50-day moving average price is C$10.83 and its 200-day moving average price is C$10.13. The company has a market capitalization of C$963.68 million and a price-to-earnings ratio of 15.55. The company has a current ratio of 3.25, a quick ratio of 2.84 and a debt-to-equity ratio of 67.81. Mullen Group has a 1 year low of C$3.85 and a 1 year high of C$11.84.

Several research analysts recently weighed in on MTL shares. Canaccord Genuity upped their price objective on shares of Mullen Group from C$10.50 to C$11.50 in a research report on Thursday, January 7th. Scotiabank increased their price target on shares of Mullen Group from C$13.00 to C$14.00 in a report on Thursday, January 14th. Raymond James reaffirmed an “outperform” rating and set a C$12.50 price objective on shares of Mullen Group in a report on Friday, February 12th. CIBC reissued an “outperform” rating and issued a C$13.50 target price on shares of Mullen Group in a research note on Friday, December 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$13.00 price target (down previously from C$14.00) on shares of Mullen Group in a research note on Friday, February 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target 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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