Mullen Group Ltd. (TSE:MTL) plans a monthly dividend of $0.06

Mullen Group Ltd. (TSE:MTL – Get Rating) declared a monthly dividend on Thursday, September 22, Zacks reports. Investors of record on Friday, September 30 will receive a dividend of 0.06 per share on Monday, October 17. This represents an annualized dividend of $0.72 and a yield of 5.08%. The ex-dividend date is Wednesday, September 28.

Mullen Group stock market performance

MTL shares opened at C$14.18 on Friday. The company has a market capitalization of C$1.32 billion and a price-to-earnings ratio of 14.18. The company’s 50-day moving average is C$14.43 and its 200-day moving average is C$13.07. The company has a quick ratio of 0.97, a current ratio of 1.18 and a leverage ratio of 91.09. Mullen Group has a 52-week low of C$10.83 and a 52-week high of C$15.87.

Mullen Group (TSE:MTL – Get Rating) last released its quarterly results on Thursday, July 21. The company reported earnings per share (EPS) of C$0.44 for the quarter, beating the consensus estimate of C$0.27 by C$0.17. The company posted revenue of C$521.56 million in the quarter, while analysts had expected C$453.03 million. On average, sell-side analysts expect Mullen Group to post EPS of 1.3220253 for the current fiscal year.

Analyst upgrades and downgrades

Several stock analysts have released reports on MTL shares. BMO Capital Markets raised its price target on shares of Mullen Group from C$16.00 to C$18.00 in a Friday, July 22 report. National Bank Financial reiterated an “outperform relative to market” rating for Mullen Group shares in a Monday, July 18 research note. CIBC raised its price target on Mullen Group shares from C$14.00 to C$15.50 in a Friday, July 22 research note. Royal Bank of Canada raised its price target on Mullen Group shares from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a Friday 22 research note. July. Finally, National Bankshares raised its price target on Mullen Group shares from C$16.50 to C$18.00 and gave the stock an “outperform” rating in a Friday, July 22 research note. . One research analyst gave the stock a hold rating, five gave the company a buy rating and two gave the company a strong buy rating. According to MarketBeat.com, the company currently has a consensus buy rating and a consensus target price of C$17.27.

About the Mullen Group

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Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates through four segments: LTL, Logistics & Warehousing, Specialty & Industrial Services, and US & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of small shipments, parcels and parcels; and pharmaceuticals and packaging.

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Dividend history for Mullen Group (TSE:MTL)

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