Mullen Group Ltd (TSE:MTL) declared a monthly dividend on Thursday, September 20th, Zacks reports. Investors of record on Sunday, September 30th will be paid a dividend of 0.05 per share on Monday, October 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Thursday, September 27th.

TSE MTL traded up C$0.03 during trading on Wednesday, reaching C$15.20. 114,013 shares of the stock traded hands, compared to its average volume of 111,631. Mullen Group has a fifty-two week low of C$14.10 and a fifty-two week high of C$17.45.

Mullen Group (TSE:MTL) last issued its quarterly earnings data on Wednesday, July 25th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.10 by C$0.05. The firm had revenue of C$295.70 million during the quarter, compared to analysts’ expectations of C$286.40 million. Mullen Group had a net margin of 1.81% and a return on equity of 2.17%.

MTL has been the subject of a number of analyst reports. National Bank Financial boosted their price objective on shares of Mullen Group from C$16.50 to C$17.00 and gave the company a “sector perform” rating in a report on Tuesday, June 12th. Raymond James upped their price target on shares of Mullen Group from C$14.70 to C$14.85 and gave the company a “market perform” rating in a report on Tuesday, June 12th. Industrial Alliance Securities boosted their price objective on shares of Mullen Group from C$18.00 to C$18.25 in a research report on Tuesday, June 12th. Canaccord Genuity boosted their price objective on shares of Mullen Group from C$15.75 to C$16.25 in a research report on Tuesday, July 10th. Finally, Cormark raised shares of Mullen Group from a “market perform” rating to a “buy” rating and boosted their price objective for the stock from C$15.00 to C$19.00 in a research report on Friday, July 27th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$17.26.

In other news, Director David Edward Mullen sold 700,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of C$15.00, for a total value of C$10,500,000.00.

About Mullen Group

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 offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.

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Dividend History for Mullen Group (TSE:MTL)

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