Image Source: Pixabay

TM Editor's Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.

Mullen Group Ltd (MLLGF) was founded in 1949 and is headquartered in Okotoks, Canada.

The company is a logistics provider with a network of independently operated businesses providing a wide range of service offerings.

The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate.

The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada.

Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.

Three key data points gauge  MLLGF or any dividend-paying entity, namely:

(1) Price

(2) Dividends

(3) Returns

Those keys also show if any company has made, is making, and will make money.

MLLGF Price

Mullen’s share price increased about 9% in the past year from $9.46 to $10.33 as of Wednesday’s closing price.

MLLGF Dividends

Mullen Group has paid regular monthly dividends since January 2013.

The current forward-looking annual dividend of $0.61 yields 5.91% per Wednesday’s $10.33  closing price.

MLLGF Returns

Putting it all together, a $1.64 estimated gross gain per share shows up.

This is done by adding Mullen’s annual $0.61 dividend to an estimated $1.03 annual price gain. 

That 5-year average gain plus the dividend makes up that $1.64 gross gain.

A little over $1000 invested at the recent $10.33 per share price would buy 97 shares.

Those 97 shares multiply the $1.64 gross gain total to $159.08 as an annual estimate of income.

Furthermore, over 37% of that $159 gain comes from the $59.10 in annual dividends generated from your $1,000 investment.

And the $59.10 annual dividend amounts to over 5.7 times the recent $10.33 single-share price.

(A dividend dogcatcher rule is to only buy a stock that pays an annual dividend from $1000 invested that is greater than the cost of a single share.)

Therefore, you may choose to pounce on Mullen Group Ltd and its 5.91% dividend yield along with its 12-year dividend record.

The exact track of MLLGF's future share prices and dividends will be entirely determined by market action and company finances.

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.

More By This Author:

Summary Report: Luxfer Holdings
Summary Report: Global Ship Lease (GSL)
Stock Analysis: Costamare