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

Mullen Group Ltd. (TSE:MTL) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.07 per share on Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Friday, January 31st.

Mullen Group Stock Performance

Shares of TSE MTL opened at C$14.90 on Friday. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The company has a market cap of C$1.31 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a 50-day simple moving average of C$15.04 and a 200-day simple moving average of C$14.57. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.06.

Wall Street Analysts Forecast Growth

MTL has been the subject of several analyst reports. Raymond James cut their price target on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. National Bankshares increased their target price on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Scotiabank decreased their price target on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Finally, Cormark decreased their target price on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.