Mullen Group Ltd. Declares Monthly Dividend for Shareholders

Mullen Group Ltd. ( (TSE:MTL) ) has shared an update.

Mullen Group Ltd. has announced a monthly dividend of $0.07 per common share, payable to shareholders of record as of April 30, 2025, with payment scheduled for May 15, 2025. This dividend is classified as an ‘eligible dividend’ for Canadian tax purposes, potentially benefiting shareholders through enhanced tax credits.

Spark’s Take on TSE:MTL Stock

According to Spark, TipRanks’ AI Analyst, TSE:MTL is a Outperform.

Mullen Group Ltd. scores a solid 72, driven by stable financial performance, effective cost management, and strong cash flow. While the valuation is attractive, technical indicators suggest caution due to bearish momentum. The company’s strategic acquisitions offer potential growth opportunities, but economic challenges in the Canadian market and competitive pressures are notable risks.

To see Spark’s full report on TSE:MTL stock, click here.

More about Mullen Group Ltd.

Mullen Group Ltd. is a public company with a significant presence in the transportation and logistics industries, boasting one of the largest portfolios of logistics companies in North America. The company offers a variety of services, including less-than-truckload, truckload, warehousing, logistics, and specialized hauling transportation. Additionally, Mullen Group provides specialized services for the energy, mining, forestry, and construction industries in western Canada.

YTD Price Performance: -12.43%

Average Trading Volume: 291,188

Technical Sentiment Signal: Hold

Current Market Cap: C$1.1B

See more insights into MTL stock on TipRanks’ Stock Analysis page.