Mullen Group Ltd. (MTL.TO) (TSE:MTL) Announces Monthly Dividend of $0.03

Mullen Group Ltd. (MTL.TO) (TSE:MTL) announced a monthly dividend on Tuesday, October 20th, Zacks reports. Stockholders of record on Saturday, October 31st will be paid a dividend of 0.03 per share on Monday, November 16th. This represents a $0.36 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, October 30th.

Shares of MTL opened at C$9.16 on Thursday. The stock has a market capitalization of $887.71 million and a PE ratio of 15.09. Mullen Group Ltd. has a 1 year low of C$3.85 and a 1 year high of C$10.33. The company has a debt-to-equity ratio of 69.55, a quick ratio of 2.54 and a current ratio of 2.94. The company’s 50-day simple moving average is C$9.41 and its 200-day simple moving average is C$7.79.

MTL has been the topic of several research reports. TD Securities increased their price target on shares of Mullen Group Ltd. (MTL.TO) from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Canaccord Genuity reduced their target price on shares of Mullen Group Ltd. (MTL.TO) from C$11.00 to C$10.50 in a report on Thursday, October 22nd. BMO Capital Markets raised their target price on shares of Mullen Group Ltd. (MTL.TO) from C$11.00 to C$12.00 in a report on Friday, October 23rd. Royal Bank of Canada raised their target price on shares of Mullen Group Ltd. (MTL.TO) from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Finally, Scotiabank raised their target price on shares of Mullen Group Ltd. (MTL.TO) from C$10.50 to C$12.00 in a report on Tuesday, October 20th. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$10.50.

In other Mullen Group Ltd. (MTL.TO) news, Senior Officer Peter W. Stephen Clark bought 30,600 shares of Mullen Group Ltd. (MTL.TO) stock in a transaction on Thursday, September 17th. The stock was bought at an average price of C$9.40 per share, with a total value of C$287,640.00. Following the completion of the acquisition, the insider now owns 46,000 shares in the company, valued at C$432,400. Insiders acquired 32,415 shares of company stock valued at $304,946 in the last quarter.

Mullen Group Ltd. (MTL.TO) Company Profile

Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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Dividend History for Mullen Group Ltd. (MTL.TO) (TSE:MTL)

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