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

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.07 per share on Monday, March 17th. This represents a $0.84 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Friday, February 28th.

Mullen Group Price Performance

MTL stock traded up C$0.19 during midday trading on Wednesday, reaching C$13.37. The company had a trading volume of 51,252 shares, compared to its average volume of 233,882. The firm has a 50-day moving average price of C$14.48 and a 200-day moving average price of C$14.65. The company has a market capitalization of C$1.19 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

Analyst Upgrades and Downgrades

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