Mullen Group Ltd. (TSE:MTL) Plans Monthly Dividend of $0.06

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, April 29th.

Mullen Group Trading Down 0.2 %

Shares of Mullen Group stock opened at C$13.10 on Friday. The company has a debt-to-equity ratio of 78.38, a current ratio of 0.76 and a quick ratio of 1.06. Mullen Group has a 1 year low of C$12.82 and a 1 year high of C$16.43. The stock has a market cap of C$1.15 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79. The firm has a fifty day moving average price of C$14.68 and a 200 day moving average price of C$14.20.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, topping the consensus estimate of C$0.32 by C$0.02. The firm had revenue of C$498.60 million for the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. Equities research analysts predict that Mullen Group will post 1.3498623 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on MTL. CIBC dropped their target price on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities increased their target price on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Scotiabank decreased their target price on Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday. Cormark increased their price target on Mullen Group from C$19.50 to C$20.00 in a research report on Friday, February 16th. Finally, BMO Capital Markets cut their price objective on Mullen Group from C$16.00 to C$14.50 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$17.89.

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.