Mullen Group Announces Exciting Monthly Dividend for Shareholders
Mullen Group's Monthly Dividend Declaration
Mullen Group Ltd. has exciting news for its shareholders as it has declared a monthly dividend of $0.07 per Common Share. This announcement was made by the Board of Directors, who have set the dividend record date for shareholders on May 31. The payment will be made on June 16. This proactive approach highlights the company's commitment to delivering value to its investors.
Understanding Eligible Dividends
For Canadian residents holding Mullen Group shares, this dividend is recognized as an "eligible dividend". This designation comes under the enhanced dividend tax credit provisions found in the Income Tax Act. This aspect significantly benefits shareholders, helping them keep more of their earnings while enhancing their investment in Mullen Group.
About Mullen Group Ltd.
Established with a robust track record in the transportation and logistics sector, Mullen Group has built an impressive portfolio. The company operates one of the largest networks in North America, offering a comprehensive array of services that span from less-than-truckload shipping to specialized hauling. The organization prides itself on not only meeting but exceeding logistical demands across various industries.
Infrastructure and Service Offerings
The diversity of Mullen Group's services is remarkable. They provide extensive transportation solutions, and warehousing options, alongside logistics management, transloading, and specialized transportation for oversized commodities. Furthermore, Mullen Group supports vital sectors such as energy, mining, forestry, and construction in Western Canada. Their specialized services include fluid hauling, environmental reclamation, and efficient water management solutions.
Strategic Support Infrastructure
Mullen Group’s corporate office plays a critical role in ensuring that its independent businesses are supported. This includes providing essential capital, financial expertise, legal guidance, and strategic planning. The comprehensive support system allows each business within the Mullen Group umbrella to operate efficiently while leveraging specialized knowledge in their respective fields.
Contact Information for Shareholders and Inquiries
For more information about Mullen Group Ltd. and its operations, shareholders can reach out directly to the corporate team. The leadership team consists of Mr. Murray K. Mullen, the Chair, Senior Executive Officer, and President; Mr. Richard J. Maloney, the Senior Operating Officer; Mr. Carson P. Urlacher, the Senior Financial Officer; and Ms. Joanna K. Scott, the Senior Corporate Officer. They are all available to assist with any inquiries related to the company.
The company's office is located at 121A - 31 Southridge Drive, Okotoks, Alberta, Canada, T1S 2N3. For further assistance, stakeholders can contact them via telephone at 403-995-5200 or fax at 403-995-5296.
Frequently Asked Questions
What is the amount of the dividend declared by Mullen Group?
The monthly dividend declared by Mullen Group is $0.07 per Common Share.
When is the dividend payment date for Mullen Group?
The dividend will be paid on June 16 for the record holders.
What tax category does the dividend fall under for Canadian residents?
The dividend is classified as an "eligible dividend" for tax credit purposes in Canada.
What sectors does Mullen Group serve?
Mullen Group serves various sectors including energy, mining, forestry, and construction.
Who are the key executives of Mullen Group?
The key executives include Mr. Murray K. Mullen, Mr. Richard J. Maloney, Mr. Carson P. Urlacher, and Ms. Joanna K. Scott.
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