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

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Friday, February 27th, TickerTech Dividends reports. Stockholders of record on Monday, March 16th will be paid a dividend of 0.07 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, February 27th.

Mullen Group Trading Down 1.1%

Shares of TSE:MTL traded down C$0.20 on Friday, hitting C$17.25. The company had a trading volume of 770,654 shares, compared to its average volume of 298,804. The firm’s 50-day simple moving average is C$16.63 and its two-hundred day simple moving average is C$15.09. The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.81 and a beta of 0.78. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$17.74.

Mullen Group (TSE:MTL) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.The company had revenue of C$533.88 million for the quarter.

Analyst Upgrades and Downgrades

MTL has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. National Bank Financial upped their target price on shares of Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Desjardins increased their price target on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, December 12th. Scotiabank lifted their price objective on Mullen Group from C$16.00 to C$18.50 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. Finally, Raymond James Financial downgraded shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$17.95.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.