Mullen Group Ltd Announces Monthly Dividend of $0.05 (TSE:MTL)

Mullen Group Ltd (TSE:MTL) announced a monthly dividend on Wednesday, March 20th, Zacks reports. Shareholders of record on Sunday, March 31st will be paid a dividend of 0.05 per share on Monday, April 15th. This represents a $0.60 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Thursday, March 28th.

MTL traded down C$0.33 during trading on Friday, hitting C$12.08. The company’s stock had a trading volume of 283,000 shares, compared to its average volume of 309,909. Mullen Group has a twelve month low of C$11.26 and a twelve month high of C$16.93. The firm has a market cap of $1.26 billion and a P/E ratio of -28.76. The company has a current ratio of 1.94, a quick ratio of 1.61 and a debt-to-equity ratio of 57.03.

Mullen Group (TSE:MTL) last announced its quarterly earnings data on Wednesday, February 6th. The company reported C$0.16 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.18 by C($0.02). The company had revenue of C$333.30 million during the quarter, compared to analysts’ expectations of C$330.75 million. Equities research analysts forecast that Mullen Group will post 0.709999938388435 EPS for the current year.

A number of equities analysts recently commented on MTL shares. Canaccord Genuity lifted their price objective on Mullen Group from C$13.50 to C$13.75 in a research report on Wednesday, March 20th. TD Securities raised their target price on Mullen Group from C$12.50 to C$14.00 and gave the stock a “hold” rating in a research note on Thursday, February 7th. National Bank Financial cut their target price on Mullen Group from C$18.50 to C$16.50 and set an “outperform” rating for the company in a research note on Friday, January 25th. BMO Capital Markets cut their target price on Mullen Group from C$16.00 to C$13.00 in a research note on Friday, February 8th. Finally, Raymond James raised Mullen Group from a “market perform” rating to an “outperform” rating and set a C$15.60 target price for the company in a research note on Friday, February 1st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$15.70.

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Mullen Group Company Profile

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.

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Dividend History for Mullen Group (TSE:MTL)

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