The Globe and Mail reports in its Saturday, Feb. 24, edition that Mullen Group is one of the best dividend-paying stocks on the Toronto Stock Exchange. The Globe's Norman Rothery writes that Mullen Group is a stock beloved by risk-averse investors. The Globe has placed Mullen Group in its Dividend All-Stars portfolio. It is one of The Globe's top 20 dividend picks for 2024. Mullen Group is a trucking and logistics provider headquartered in Okotoks, Alta., that operates across the U.S. and Canada. Mullen pays a 4.9-per-cent dividend yield, in monthly instalments, and trades near 10 times trailing and forward 12-month earnings. The Globe reported on Oct. 11 that TD Securities had upgraded its recommendation for Mullen Group to "buy" from "hold" when it was worth $13.85. The Globe reported on Jan. 23 that Scotia Capital analyst Konark Gupta had reaffirmed his "sector outperform" recommendation for Mullen Group. In the item Mr. Gupta called Mullen Group "undervalued." The shares could then be had for $15.27. The Globe reported on Feb. 16 that National Bank Financial analyst Cameron Doerksen had reaffirmed his "outperform" recommendation for Mullen Group. The shares could then be had for $14.87.
© 2024 Canjex Publishing Ltd. All rights reserved.