Business · Markets · 7 hrs ago
Mullen Group shares rise more than 80% this year
Mullen Group shares have risen more than 80% this year and are trading near an all-time high.
The Alberta-based company transports goods and provides specialized services to industries including energy, mining, forestry and construction in Western Canada.
Its share price had stayed near $15 for years, while it paid a monthly dividend; after a rise in the share price, the dividend yield is now about 2.9% for investors buying at the recent price.
A recovery in freight demand and tighter truck capacity have supported the business, alongside work in energy, mining and major Western infrastructure projects.
In its third quarter, revenue reached a record $561.8-million, but net income fell 13.3% from a year earlier.
Mullen is acquiring customs broker Willson International, which is expected to add about $80-million in annual revenue.
The company continues to pay a monthly dividend of seven cents per share and has also bought back shares.
Mullen Group shares have risen more than 80 per cent year-to-date and are trading near an all-time high.
The Alberta-based transportation and logistics company has benefited from a recovery in freight demand and growth in energy, mining and Western Canadian infrastructure work.
Mullen announced it is acquiring customs brokerage business Willson International, which is expected to contribute about $80-million in annual revenue.
Third-quarter revenue reached a record $561.8-million, while net income fell 13.3 per cent from a year earlier.
The article says rising interest rates may stall further share-price growth.
- Who
- Mullen Group Ltd., an Alberta-based transportation and logistics company.
- What
- Its shares have risen more than 80 per cent year-to-date and are near an all-time high.
- When
- The article was published on Nov. 2, 2026; it says the shares are up year-to-date.
- Where
- Alberta, Canada; the company also operates in Western Canada.
- Why
- The article cites a freight-industry recovery, tighter capacity, strength in energy and mining, and major Western infrastructure projects.
This story does not have two clearly opposing sides.
The article’s author says the Income Investor newsletter recommended Mullen shares at $15.46.
Mullen raised its monthly dividend from six cents to seven cents a share.
Mullen released third-quarter results showing record revenue and lower net income.
Mullen announced it was acquiring Willson International Ltd.
The Globe and Mail article reported that Mullen shares were up more than 80 per cent year-to-date.
- Year-to-date share gain
- More than 80 per cent
- Market capitalization
- $2.78-billion
- Third-quarter revenue
- $561.8-million, up 5.6 per cent
- Third-quarter net income
- $33.2-million, down 13.3 per cent
- Willson expected annual revenue contribution
- Approximately $80-million