Mullen Group Ltd (MTL) to Issue $0.05 Monthly Dividend

Mullen Group Ltd (TSE:MTL) declared a monthly dividend on Wednesday, May 22nd, Zacks reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.05 per share on Monday, June 17th. This represents a $0.60 annualized dividend and a yield of 5.97%. The ex-dividend date is Thursday, May 30th.

Shares of TSE:MTL traded down C$0.06 during trading on Friday, reaching C$10.05. The stock had a trading volume of 192,100 shares, compared to its average volume of 322,572. Mullen Group has a one year low of C$9.39 and a one year high of C$16.93. The stock has a market capitalization of $1.06 billion and a P/E ratio of -31.21. The company has a debt-to-equity ratio of 61.72, a quick ratio of 1.50 and a current ratio of 1.82.

A number of research firms have recently weighed in on MTL. Raymond James lowered their price target on shares of Mullen Group from C$15.25 to C$14.50 in a report on Thursday, April 25th. TD Securities lowered their price target on shares of Mullen Group from C$14.00 to C$13.50 and set a “hold” rating on the stock in a report on Friday, April 26th. GMP Securities lowered their price target on shares of Mullen Group from C$13.50 to C$12.50 in a report on Friday, February 8th. BMO Capital Markets lowered their price target on shares of Mullen Group from C$16.00 to C$13.00 in a report on Friday, February 8th. Finally, National Bank Financial lowered their price target on shares of Mullen Group from C$16.50 to C$16.00 and set an “outperform” rating on the stock in a report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$14.73.

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Mullen Group Company Profile

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 transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.

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Dividend History for Mullen Group (TSE:MTL)

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