Mullen Group Named Top 25 Dividend Stock With 4.77% Yield

10/06/2014 9:45 am EST

Focus: STOCKS

The staff at DividendChannel.com charts this high-ranking dividend stock’s payout history in order to help traders and investors judge whether the most recent dividend is likely to continue.

Mullen Group Ltd. (TSX:MTL) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel DividendRank report. The report noted that among the coverage universe, MTL shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong monthly dividend history at Mullen Group Ltd. and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest, most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Mullen Group Ltd. is $1.2000/share, currently paid in monthly installments, and its most recent dividend ex-date was on 09/26/2014. Below is a long-term dividend history chart for MTL, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

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By the Staff of DividendChannel.com

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