Mullen Group Ltd., one of Canada’s largest logistics providers, has announced that its Board of Directors has declared a monthly dividend of $0.06 per Common Share. The dividend will be paid on April 15, 2024, to shareholders of record at the close of business on March 31, 2024.
For Canadian resident shareholders, this dividend is classified as an “eligible dividend” for the purposes of the enhanced dividend tax credit rules outlined in the Income Tax Act (Canada) and relevant provincial and territorial tax legislation.
Mullen Group operates a network of independently operated businesses that offer a wide range of logistics services, including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation. The company also provides specialized services to the energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation.
As a publicly traded corporation listed on the Toronto Stock Exchange under the symbol “MTL,” Mullen Group’s corporate office provides capital and financial expertise, legal support, technology and systems support, shared services, and strategic planning to its independent businesses.
For more information, interested parties can visit Mullen Group’s website at www.mullen-group.com or access the company’s issuer profile on SEDAR+ at www.sedarplus.ca.
Contact Information:
– Mr. Murray K. Mullen – Chair, Senior Executive Officer, and President
– Mr. Richard J. Maloney – Senior Operating Officer
– Mr. Carson P. Urlacher – Senior Accounting Officer
– Ms. Joanna K. Scott – Senior Corporate Officer
– Address: 121A – 31 Southridge Drive, Okotoks, Alberta, Canada T1S 2N3
– Telephone: 403-995-5200
– Fax: 403-995-5296
Source: Mullen Group Ltd.
Mullen Group Ltd. is a prominent logistics provider operating in Canada. The company runs a network of independently operated businesses that offer a wide range of logistics services. These services encompass less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation. Mullen Group also specializes in providing services to industries in western Canada, including energy, mining, forestry, and construction.
With a primary listing on the Toronto Stock Exchange under the symbol “MTL,” Mullen Group is a publicly traded corporation. The company’s corporate office provides crucial support to its independent businesses, including capital and financial expertise, legal support, technology and systems support, shared services, and strategic planning.
The company’s recent announcement regarding the monthly dividend of $0.06 per Common Share reflects Mullen Group’s commitment to providing returns to its shareholders. Shareholders of record on March 31, 2024, will receive the dividend on April 15, 2024. It’s important to note that for Canadian resident shareholders, this dividend is classified as an “eligible dividend” for the purposes of the enhanced dividend tax credit rules outlined in the Income Tax Act (Canada) and relevant provincial and territorial tax legislation.
The logistics industry in Canada is expected to experience steady growth in the coming years, driven by various factors. These include the increasing demand for efficient supply chain solutions, the growth of e-commerce, and the need for specialized transportation services in industries such as energy and mining. Market forecasts predict positive growth and opportunities for players within the logistics industry, including Mullen Group.
However, the industry also faces challenges and issues that need to be addressed. These include rising fuel costs, regulatory compliance, labor shortages, and the need for constant technological advancements to improve efficiency and meet evolving customer expectations.
For more information about Mullen Group and its operations, interested parties can visit the company’s website at www.mullen-group.com. The company’s issuer profile can also be accessed on SEDAR+ at www.sedarplus.ca.
For further inquiries, the following contact information is provided:
– Mr. Murray K. Mullen – Chair, Senior Executive Officer, and President
– Mr. Richard J. Maloney – Senior Operating Officer
– Mr. Carson P. Urlacher – Senior Accounting Officer
– Ms. Joanna K. Scott – Senior Corporate Officer
– Address: 121A – 31 Southridge Drive, Okotoks, Alberta, Canada T1S 2N3
– Telephone: 403-995-5200
– Fax: 403-995-5296
Source: Mullen Group Ltd.