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

Mullen Group Ltd. (TSE:MTLGet Rating) announced 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 of this dividend is Tuesday, November 29th.

Mullen Group Stock Performance

Shares of TSE:MTL traded down C$0.05 on Thursday, hitting C$15.06. 17,450 shares of the company were exchanged, compared to its average volume of 326,631. Mullen Group has a one year low of C$10.83 and a one year high of C$15.87. The firm has a market capitalization of C$1.40 billion and a price-to-earnings ratio of 12.47. The company’s 50 day moving average price is C$14.32 and its two-hundred day moving average price is C$13.50. The company has a debt-to-equity ratio of 85.20, a quick ratio of 1.06 and a current ratio of 1.30.

Analyst Ratings Changes

Several brokerages recently issued reports on MTL. CIBC reduced their price target on shares of Mullen Group from C$15.50 to C$15.00 and set a “neutral” rating on the stock in a research report on Friday, October 7th. BMO Capital Markets reduced their price objective on shares of Mullen Group from C$18.00 to C$17.00 in a research note on Friday, October 21st. Finally, Royal Bank of Canada cut 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 report on Friday, October 21st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$16.80.

About Mullen Group

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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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