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        Hi everybody, I’m Ted
Dixon
        with the INK preview for
        May 11th: Mullen Group
        trucks a hefty dividend.
        Today, we come across
        an industrial stock that
has
        both an above average
yield
        and sunny INK Edge
outlook.
        Mullen Group supplies
trucking
        and logistics services in
        Canada across a range of
industries.
        Earnings per share they
have been on
        the rise even in the face
of higher costs.
        In commenting on Q1
operating challenges,
        CEO Murray Mullen said,
        "The most pressing
challenge, however,
        was surging inflation and
higher fuel costs.
        Collectively these issues
hurt
        margins and profitability
in the quarter,
        setting off another round
of
        pricing increases to our
customers."
        So far, the company is
        delivering the goods in
        terms of dividends for
investors.
        On May 3rd it announced
        a 20% increase to
        its monthly dividend
starting in June,
        moving it up from 5 to 6
cents.
        That generates a
prospective yield of 5.8%.
        Meanwhile, insiders have
been buying
        as the stock searches for
road back to
        its 52-week high of $14.48
set October 25th.
        In our US report today,
        we also provide a list of
        5 highly ranked US
dividend payers,
        so make sure to
        check out that report as
well.
        Well thanks for stopping
by
        and don’t forget to
        check back again tomorrow
as we let
        the insiders guide us to
opportunity.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in any
stock
        mentioned in our videos or
in our reports.