Mullen Group dividend yield calculator – Mullen Group Ltd Announces 0.06 Cash Dividend

🌥️Dividends Yield

Mullen Group ($TSX:MTL) Ltd Announces 0.06 Cash Dividend on May 25th, 2023. The company has been paying out an annual dividend per share of 0.71 CAD, 0.68 CAD, and 0.48 CAD over the past three years, with yields of 5.18%, 5.13%, and 3.88% respectively; giving an average yield of 4.73%. If you are looking for a reliable dividend stock, Mullen Group may be a good option to consider, with an ex-dividend date of May 30, 2023.

The dividend yield is attractive and you will benefit from the dividend income paid out on a regular basis. Investing in Mullen Group is a great way to generate a steady stream of income while also securing your financial future.

Price History

On the same day, the stock opened at CA$15.5 and closed at the same price, rising by 0.1% from its previous closing price of CA$15.5. The company has a long history of providing reliable dividends and continues to be a reliable investment for shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Mullen Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Mullen Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Mullen Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Mullen Group are shown below. More…

Analysis

At GoodWhale, we recently ran an analysis of MULLEN GROUP‘s fundamentals. Our results show that MULLEN GROUP’s health score, as determined by our Star Chart tool, is 8 out of 10, indicating a strong ability to sustain future operations even in times of crisis. Further, we observed that the company is strong in dividend and growth, and medium in asset and profitability. Based on this assessment, we classify MULLEN GROUP as a ‘cheetah’ – that is, a company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. This makes MULLEN GROUP an attractive investment option for investors looking for impressive growth potential and are willing to take on greater risk. Those who prefer a more conservative approach may want to seek other investments. More…

Peers

The company operates in a highly competitive industry with several large competitors, including United Express Inc, Universal Logistics Holdings Inc, and USA Truck Inc. Mullen Group has a long history of success in the industry and is well-positioned to continue its growth and market share gains in the coming years.

– United Express Inc ($OTCPK:UNXP)

United Express Inc is a regional airline that operates under the brand United Express. The company is headquartered in Chicago, Illinois and is a subsidiary of United Airlines. United Express Inc flies to over 200 destinations across the United States, Canada, and Mexico. The company has a fleet of over 400 aircraft and employs over 4,000 people.

– Universal Logistics Holdings Inc ($NASDAQ:ULH)

The company’s market cap is 925.76M as of 2022, a Return on Equity of 29.13%. The company is a provider of transportation and logistics services. It offers a full range of services, including: truckload and less-than-truckload transportation, intermodal, contract logistics, warehousing, and freight management.

Summary

MULLEN GROUP is a good option for investors who are looking for reliable dividend yields. Over the past three years, the company has paid out annual dividends per share of 0.71 CAD, 0.68 CAD, and 0.48 CAD, which translates to dividend yields of 5.18%, 5.13%, and 3.88% respectively in 2021 to 2023. The average yield of 4.73% is higher than the benchmark yield for the sector, making MULLEN GROUP a desirable investment option. Analysts have noted that MULLEN GROUP has solid fundamentals and has consistently delivered steady returns in the past.