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

Mullen Group Ltd. (TSE:MTL - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.07 per share on Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Friday, January 31st.

Mullen Group Stock Up 1.8 %

TSE:MTL traded up C$0.26 during trading hours on Tuesday, reaching C$14.53. 191,468 shares of the company traded hands, compared to its average volume of 201,778. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.81 and a beta of 1.82. The business's 50-day moving average price is C$15.01 and its two-hundred day moving average price is C$14.61. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTL. BMO Capital Markets boosted their price target on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Scotiabank reduced their price target on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Cormark lowered their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. CIBC raised their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Finally, National Bankshares increased their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$18.97.

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.