Photo by Maxim Hopman on UnsplashMullen Group Ltd (MLLGF) 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.The company also owns SilverExpress, a proprietary integrated transportation management platform.Mullen Group was founded in 1949 and is headquartered in Okotoks, Canada.Three key data points gauge Mullen Group Ltd or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money. MLLGF PriceOver the past year, Mullen’s share price increased about 5% from $9.56 to $10.05 as of Monday’s market close.If MLLGF stock trades in the range of $9.00 to $12.00 this next year, its recent $10.05 share price might rise to $11.90 by next year. Of course, MLLGF’s price could drop about the same $0.85 estimated amount, or more.My upside estimate of $0.85, however, is an exact match to the average annual price gain over the past three years
MLLGF Dividend
Mullen Group has paid variable monthly dividends since February 15, 2013. Mullen’s most recent Monthly dividend, payable November 15 to shareholders of record October 30th, is $0.0439That measures up $0.53 annually for a forward looking yield of 5.24%. MLLGF ReturnsAdd the $0.53 anticipated annual dividend to MLLGF’s estimated $0.85 possible price upside, reveals a $1.38 estimated gross gain per share for the coming year.At Monday’s $10.05 closing price, a little over $1000 would buy 100 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.10 per share.Subtracting that likely $0.10 brokerage cost from my estimated $1.38 estimated gross gain per share makes a net gain of $1.28 X 100 shares = $128.00 or about a 12.75% net gain.This might be about time to pounce on MLLGF shares. And beware, Mullen Group Ltd, a Canadian Logistics and Service manager has paid variable monthly dividends for nearly 11 years. Furthermore, the estimated $52.40. annual dividend from $1000 invested comes in about 5.2 times greater than the recent $10.05 single share price. The question is, what future dividend payments and price changes lie ahead?Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Analysis: Ennis (EBF)
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