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

Mullen Group Ltd. (TSE:MTL) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.07 per share on Monday, March 17th. This represents a $0.84 annualized dividend and a yield of 6.27%. The ex-dividend date is Friday, February 28th.

Mullen Group Stock Performance

Shares of MTL traded up C$0.21 during midday trading on Wednesday, reaching C$13.39. 56,852 shares of the stock were exchanged, compared to its average volume of 233,996. The stock’s 50 day simple moving average is C$14.48 and its 200 day simple moving average is C$14.65. The company has a market cap of C$1.19 billion, a P/E ratio of 9.71, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTL shares. Raymond James cut their price objective on shares of Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Scotiabank dropped their price target on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. National Bankshares increased their price target on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Finally, Cormark dropped their price objective on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$18.84.

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.