Cash Dividend On The Way From Mullen Group (MTL)

On 2/26/14, Mullen Group Ltd. (TSX: MTL.TO) will trade ex-dividend, for its monthly dividend of $0.10, payable on 3/17/14. As a percentage of MTL's recent stock price of $26.36, this dividend works out to approximately 0.38%.

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


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 4.55% 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 $29.72 as the 52 week high point — that compares with a last trade of $26.32.

In Monday trading, Mullen Group Ltd. shares are currently down about 0.9% on the day.

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