Mullen Group Ltd. (MTL) to Issue Monthly Dividend of $0.07 on March 17th

Mullen Group Ltd. (TSE:MTL) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.07 per share on Monday, March 17th. This represents a $0.84 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, February 28th.

Mullen Group Trading Up 1.9 %

Shares of Mullen Group stock traded up C$0.25 during trading hours on Wednesday, reaching C$13.43. The stock had a trading volume of 85,852 shares, compared to its average volume of 235,340. The firm has a 50 day simple moving average of C$14.48 and a two-hundred day simple moving average of C$14.65. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 1.81 and a beta of 1.82.

Analysts Set New Price Targets

MTL has been the topic of a number of research analyst reports. Raymond James reduced their target price on Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Cormark dropped their price objective on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. National Bankshares lifted their price target on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Finally, Scotiabank decreased their target price on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$18.84.

About Mullen Group

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.