Mullen Group Ltd Declares Monthly Dividend of $0.03 (MTL)
Mullen Group Ltd (TSE:MTL) announced a monthly dividend on Thursday, September 21st, Zacks reports. Stockholders of record on Saturday, September 30th will be given a dividend of 0.03 per share on Monday, October 16th. This represents a $0.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 28th.
Shares of Mullen Group (MTL) opened at 17.21 on Friday. The stock has a 50 day moving average price of $15.62 and a 200 day moving average price of $15.73. The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of 35.12. Mullen Group has a 1-year low of $14.49 and a 1-year high of $20.32.
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A number of equities research analysts have recently issued reports on the company. Scotiabank restated an “outperform” rating and issued a C$18.00 price target on shares of Mullen Group in a research report on Wednesday, July 26th. CIBC dropped their price target on Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. Raymond James Financial, Inc. upped their price objective on Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, National Bank Financial upgraded Mullen Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$18.00 to C$18.75 in a report on Tuesday, July 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Mullen Group presently has a consensus rating of “Buy” and a consensus price target of C$18.81.
Mullen Group Company Profile
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States.
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