Mullen Group (TSX:MTL) Dividend Payout Ratio : 0.73 (As of Mar. 2024)

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What is Mullen Group Dividend Payout Ratio?

Mullen Group's dividend payout ratio for the months ended in Mar. 2024 was 0.73.

The historical rank and industry rank for Mullen Group's Dividend Payout Ratio or its related term are showing as below:

TSX:MTL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.89 Max: 1.94
Current: 0.54

During the past 13 years, the highest Dividend Payout Ratio of Mullen Group was 1.94. The lowest was 0.46. And the median was 0.89.

TSX:MTL's Dividend Payout Ratio is ranked worse than
63.69% of 526 companies
in the Transportation industry
Industry Median: 0.41 vs TSX:MTL: 0.54

As of today (2024-04-28), the Dividend Yield % of Mullen Group is 5.50%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mullen Group was 14.29%. The lowest was 2.09%. And the median was 4.46%.

Mullen Group's Dividends per Share for the months ended in Mar. 2024 was C$0.18.

During the past 12 months, Mullen Group's average Dividends Per Share Growth Rate was 1.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 29.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -7.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mullen Group was 165.10% per year. The lowest was -39.10% per year. And the median was 2.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Mullen Group Dividend Payout Ratio Historical Data

The historical data trend for Mullen Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mullen Group Dividend Payout Ratio Chart

Mullen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.02

0.50

0.66

0.46

0.51

Mullen Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.56	0.49	0.44	0.58	0.73

Competitive Comparison of Mullen Group's Dividend Payout Ratio

For the Trucking subindustry, Mullen Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mullen Group's Dividend Payout Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mullen Group's Dividend Payout Ratio falls into.

Mullen Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Mullen Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.72	/	1.403
	=	0.51

Mullen Group's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0.18	/	0.246
	=	0.73

Mullen Group (TSX:MTL) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Mullen Group Dividend Payout Ratio Related Terms

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Mullen Group (TSX:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mullen Group Ltd (TSX:MTL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MLLGF:USA 9MU:Germany

Address

121A - 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3

Website

https://www.mullen-group.com

Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.