Mullen Group Ltd. T.MTL.DB

Primary Symbol: T.MTL Alternate Symbol(s): MLLGF

Industrials Integrated Shipping & Logistics

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

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Mullen Group Ltd. > 2024 Business Plan includes NCIB

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Post by Possibleidiot01on Dec 12, 2023 6:59am

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Post# 35779380

2024 Business Plan includes NCIB

Shareholder Allocation

One of the main components of our 2024 Business Plan is to return cash to shareholders by way of monthly dividends and a share buyback plan. The Board has determined that the appropriate allocation for 2024 will be:

Dividends to shareholders will remain consistent at $0.06 per Common Share each month or $0.72 per Common Share on an annualized basis.
In March 2024 , we intend on requesting approvals from the Toronto Stock Exchange to renew the normal course issuer bid (" NCIB ") program. For the eleven month period ending November 30, 2023 , we repurchased 4,774,759 Common Shares for $69.9 million under the NCIB.