Mullen Group Ltd. (TSE:MTL) Declares Monthly Dividend of $0.06

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Monday, April 29th.

Mullen Group Price Performance

Shares of TSE MTL opened at C$13.10 on Friday. The firm has a market capitalization of C$1.15 billion, a P/E ratio of 9.03, a PEG ratio of 1.81 and a beta of 1.79. Mullen Group has a one year low of C$12.82 and a one year high of C$16.43. The company’s fifty day moving average is C$14.64 and its two-hundred day moving average is C$14.20. The company has a debt-to-equity ratio of 78.38, a quick ratio of 1.06 and a current ratio of 0.76.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, topping the consensus estimate of C$0.32 by C$0.02. The company had revenue of C$498.60 million for the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. Analysts forecast that Mullen Group will post 1.3498623 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTL has been the topic of several recent research reports. CIBC decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday. Raymond James decreased their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research report on Friday. Royal Bank of Canada decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday. BMO Capital Markets decreased their price objective on shares of Mullen Group from C$16.00 to C$14.50 in a research report on Friday. Finally, TD Securities boosted their price objective on shares of Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$17.89.

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.