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

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.07 per share on Monday, March 17th. This represents a $0.84 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date is Friday, February 28th.

Mullen Group Stock Performance

TSE:MTL traded up C$0.19 on Wednesday, reaching C$13.37. 51,252 shares of the company’s stock were exchanged, compared to its average volume of 233,882. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a fifty day simple moving average of C$14.48 and a 200-day simple moving average of C$14.65. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06.

Analysts Set New Price Targets

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

About Mullen Group

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.