Mullen Group Pays Monthly Dividend | news

Mullen Group Pays Monthly Dividend |  news

The Canadian logistics and transport group Mullen Group Ltd. (ISIN: CA6252841045, TSX: MTL) pays a constant monthly dividend of CAD$0.06 per share. Shareholders will receive the distribution on November 15, 2022 (record date: October 31, 2022). In May 2022, the monthly dividend was increased from CAD0.05 to CAD0.06.

Extrapolated for the year as a whole, CAD 0.72 is currently being distributed. At the current share price of CAD 14.63, this corresponds to a current dividend yield of 4.92 percent (as of October 18, 2022).

Mullen Group incorporated in 1964 as Mullen Trucking Ltd. was founded and offers transport and logistics services for the oil and gas industry. In the second quarter (June 30) of fiscal year 2022, sales were CAD 521.5 million (previous year: CAD 312.5 million), as already reported on July 21, 2022. Adjusted earnings were $44.1 million (prior year: $19.9 million). The third quarter figures will be presented on October 20, 2022.

The stock is up 25.80 percent on the Toronto Stock Exchange on the current price basis since the beginning of 2022 and currently has a market capitalization of CAD 1.36 billion (as of October 18, 2022).

Editorial team MyDividends.de

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