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

Mullen Group Ltd. (TSE:MTL) declared 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 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Friday, January 31st.

Mullen Group Price Performance

MTL stock opened at C$15.01 on Friday. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.06. The firm has a 50 day moving average of C$15.05 and a 200-day moving average of C$14.56. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. CIBC lifted their price target on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James dropped their target price on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. National Bankshares boosted their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. BMO Capital Markets increased their target price on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Finally, Cormark dropped their price target on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.97.

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.