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. > 2024 Business Plan includes NCIB

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Post by Possibleidiot01 on Dec 12, 2023 6:59am

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.

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Comment by undervalue on Dec 12, 2023 12:32pm

The Ncib has been constantly canceling shares. It was just a couple years ago and the share count was over 100 million. Combined with the yield, the return to shareholders every year is close to 1.50 a share. A effective 12% yield plus growth makes Mtl a core holding. The market has it wrong today, stock should be up.

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Comment by Niceneasydoesit on Dec 13, 2023 7:12am

Totally agree. It's been difficult waiting for the market to take notice while we clip that dividend. I'm assuming the market will need to see evidence of an economic recovery before we get transports going. Bought more on the 2024 outlook ...

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