Over $1.4 Billion Paid in Dividends to Date

Repurchased 18.5 million Common Shares for $197.3 million since 2020

Revenue CAGR of 11.9 percent since 1993 to $2 Billion in 2022

Consistently generate free cash

Bullboard - Investor Discussion Forum Mullen Group Ltd. T.MTL

Alternate Symbol(s): MLLGF | T.MTL.DB

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... see more

TSX:MTL - Post Discussion

Mullen Group Ltd. > Globe & Mail

View:

Post by retiredcf on Dec 09, 2021 7:30am

Globe & Mail

Mullen Group Ltd. announced a 25-per-cent increase in its annual dividend. The trucking and logistics company said late Wednesday that the annual dividend will increase to 60 cents per common share from 48 cents, and will continue to be paid monthly.

The company also said it expects revenue for 2022 to be in the $1.6-billion to $1.7-billion range, not including potential acquisitions. Analysts are expecting revenue of $1.75-million, according to S&P Capital IQ. “We base this expectation on the continued economic recovery and stable consumer spending,” the company stated. It also expects operating income before depreciation and amortization will be in the $260-million range.

It also said the board approved a net capital budget of $70-million for 2022.

224