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

Mullen Group Ltd. (TSE:MTL) declared 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 annualized dividend and a yield of 6.25%. The ex-dividend date is Friday, February 28th.

Mullen Group Trading Up 1.9 %

MTL traded up C$0.25 during trading on Wednesday, reaching C$13.43. 85,852 shares of the company’s stock were exchanged, compared to its average volume of 235,340. The firm has a market capitalization of C$1.20 billion, a PE ratio of 9.74, a P/E/G ratio of 1.81 and a beta of 1.82. The company’s fifty day moving average price is C$14.48 and its 200-day moving average price is C$14.65. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06.

Wall Street Analysts Forecast Growth

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