Mullen Group Ltd. (MTL) to Issue Monthly Dividend of $0.06 on December 15th

Mullen Group Ltd. (TSE:MTLGet Rating) declared a monthly dividend on Tuesday, November 22nd, Zacks reports. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.06 per share on Thursday, December 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Tuesday, November 29th.

Mullen Group Trading Down 0.3 %

Shares of TSE:MTL traded down C$0.04 during midday trading on Thursday, reaching C$15.07. The company had a trading volume of 18,850 shares, compared to its average volume of 326,638. The company has a debt-to-equity ratio of 85.20, a quick ratio of 1.06 and a current ratio of 1.30. Mullen Group has a 1-year low of C$10.83 and a 1-year high of C$15.87. The firm has a market cap of C$1.40 billion and a price-to-earnings ratio of 12.47. The company has a fifty day simple moving average of C$14.32 and a two-hundred day simple moving average of C$13.50.

Wall Street Analyst Weigh In

MTL has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on Mullen Group from C$18.00 to C$17.00 in a research report on Friday, October 21st. Royal Bank of Canada downgraded Mullen Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$17.00 to C$13.00 in a research note on Friday, October 21st. Finally, CIBC cut their price objective on Mullen Group from C$15.50 to C$15.00 and set a “neutral” rating on the stock in a research note on Friday, October 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$16.80.

Mullen Group Company Profile

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Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. 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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