MTL Ex-Dividend Reminder - 10/29/13

On 10/29/13, Mullen Group Ltd. (TSX: MTL.TO) will trade ex-dividend, for its monthly dividend of $0.10, payable on 11/15/13. As a percentage of MTL's recent stock price of $27.00, this dividend works out to approximately 0.37%.

Below is a dividend history chart for MTL, showing historical dividends prior to the most recent $0.10 declared by Mullen Group Ltd.:

MTL+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MTL is likely to continue, and whether the current estimated yield of 4.44% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MTL shares, versus its 200 day moving average:

Mullen Group Ltd. 200 Day Moving Average Chart

Looking at the chart above, MTL's low point in its 52 week range is $19.85 per share, with $27.45 as the 52 week high point — that compares with a last trade of $27.00.

In Friday trading, Mullen Group Ltd. shares are currently down about 0.2% on the day.

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