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

Mullen Group Ltd. (TSE:MTL) announced a monthly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Monday, April 29th.

Mullen Group Stock Performance

Shares of TSE:MTL traded down C$1.41 during midday trading on Thursday, hitting C$13.02. The company had a trading volume of 375,468 shares, compared to its average volume of 137,253. The company has a debt-to-equity ratio of 78.38, a current ratio of 0.76 and a quick ratio of 1.06. The company has a market cap of C$1.15 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 1.81 and a beta of 1.79. Mullen Group has a 12-month low of C$12.82 and a 12-month high of C$16.43. The company has a fifty day moving average of C$14.72 and a two-hundred day moving average of C$14.21.

Mullen Group (TSE:MTL) last posted its quarterly earnings data 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 firm had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. On average, equities research analysts expect that Mullen Group will post 1.3498623 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTL shares. BMO Capital Markets upped their target price on shares of Mullen Group from C$15.00 to C$16.00 in a report on Friday, February 2nd. Acumen Capital dropped their price objective on shares of Mullen Group from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Friday, February 16th. National Bankshares increased their price objective on shares of Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a report on Friday, February 16th. TD Securities increased their price objective on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Cormark increased their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mullen Group presently has a consensus rating of “Moderate Buy” and an average price target of C$18.61.

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.