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

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors 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 dividend yield of 5.64%. The ex-dividend date is Friday, January 31st.

Mullen Group Trading Down 0.7 %

TSE MTL opened at C$14.90 on Friday. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06. The firm has a 50 day moving average of C$15.04 and a two-hundred day moving average of C$14.57. The stock has a market capitalization 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 quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTL shares. BMO Capital Markets upped their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. CIBC raised their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Raymond James lowered their target price on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Scotiabank reduced their price target on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday. Finally, Cormark cut their target price on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Mullen Group currently has an average rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Company Profile

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.