Mullen Group Ltd. Reveals Monthly Dividend Announcement Details

Mullen Group Ltd. Announces Monthly Dividend Payment

In a significant move for its shareholders, Mullen Group Ltd. has declared a monthly dividend of $0.07 per Common Share. This announcement, made by the Board of Directors, is set against the backdrop of the company's ongoing commitment to provide value to its investors. The dividend will be applicable to all Common Shareholders who are on record as at the close of business on September 30. The remuneration will be processed on October 15.

Understanding the Dividend's Benefits

This dividend holds particular relevance for Canadian shareholders as it qualifies as an 'eligible dividend.' This designation allows shareholders to benefit from the enhanced dividend tax credit, as outlined in Canada's Income Tax Act and related provincial legislation. This financial initiative reflects Mullen Group's dedication to ensuring that its investors gain from favorable tax treatment on dividends received.

About Mullen Group Ltd.

Mullen Group stands out as one of Canada's leading logistics providers, offering an extensive array of services that cater to diverse transportation and logistical needs. The company operates a network of independently managed businesses, specializing in various sectors, including less-than-truckload and truckload shipping, warehousing, and logistics. Its portfolio also includes specialized services tailored for industries such as energy, mining, forestry, and construction throughout western Canada.

Comprehensive Service Offerings

Mullen Group's comprehensive suite of services positions it as a prominent player in the logistics market. The company is recognized for its ability to provide flexible and efficient solutions, which encompass transloading, oversized freight transport, third-party logistics, and specialized hauling. They also play a pivotal role in essential services like water management, fluid hauling, and environmental reclamation, further underscoring their industry versatility.

Mullen Group's Commitment to Shareholders

The consistent payment of dividends is a testament to Mullen Group's robust financial health and strategic planning. The corporate office of Mullen Group provides vital oversight, offering capital investment, legal advice, technological support, and strategic direction to its independent operations. This centralized support system empowers Mullen Group's subsidiaries to thrive in a competitive landscape.

Contacting Mullen Group Ltd.

For inquiries related to corporate matters or shareholder information, you can reach out to key executives at Mullen Group:

Mr. Murray K. Mullen - Chair, Senior Executive Officer and President
Mr. Richard J. Maloney - Senior Operating Officer
Mr. Carson P. Urlacher - Senior Financial 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

Frequently Asked Questions

What is the amount of the declared monthly dividend?

The declared monthly dividend is $0.07 per Common Share.

When will the dividend be paid?

The dividend will be paid on October 15.

Who is eligible to receive the dividend?

All shareholders on record as of the close of business on September 30 are eligible to receive the dividend.

What does 'eligible dividend' mean?

An 'eligible dividend' is one that qualifies for enhanced tax credits under the Canadian Income Tax Act, providing tax benefits to shareholders.

How can I get in touch with Mullen Group Ltd. for more information?

Contact Mullen Group via telephone at 403-995-5200 or by contacting their key executives listed in the article.

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