Mullen Group Ltd (TSE:MTL) declared a monthly dividend on Wednesday, June 20th, Zacks reports. Shareholders of record on Saturday, June 30th will be paid a dividend of 0.05 per share on Monday, July 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, June 28th.
Shares of Mullen Group traded up C$0.67, reaching C$15.39, during trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 269,000 shares, compared to its average volume of 118,964. Mullen Group has a twelve month low of C$14.10 and a twelve month high of C$17.62.
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Mullen Group (TSE:MTL) last announced its earnings results on Wednesday, April 25th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.15 by C($0.06). Mullen Group had a net margin of 1.81% and a return on equity of 2.17%. The business had revenue of C$292.13 million during the quarter, compared to analyst estimates of C$305.07 million.
In other news, Director Christine Ellen Mcginley purchased 1,930 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The shares were acquired at an average cost of C$15.00 per share, with a total value of C$28,950.00.
A number of equities analysts have issued reports on the company. National Bank Financial lowered Mullen Group from an “outperform” rating to a “sector perform” rating and set a C$16.50 target price on the stock. in a research report on Thursday, April 26th. Industrial Alliance Securities upped their target price on Mullen Group from C$18.00 to C$18.25 in a research report on Tuesday, June 12th. Canaccord Genuity cut their target price on Mullen Group from C$16.00 to C$15.75 in a research report on Wednesday, April 11th. Scotiabank cut their target price on Mullen Group from C$16.50 to C$16.00 and set a “sector perform” rating on the stock in a research report on Friday, April 27th. Finally, Raymond James upped their target price on Mullen Group from C$14.70 to C$14.85 and gave the company a “market perform” rating in a research report on Tuesday, June 12th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$16.73.
About Mullen Group
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 offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.