Propel Holdings Inc. (TSE:PRL) Declares Quarterly Dividend of $0.26

Propel Holdings Inc. (TSE:PRL) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.255 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a 6.3% increase from Propel’s previous quarterly dividend of $0.24.

Propel Trading Down 3.4%

Shares of PRL stock traded down $0.91 during mid-day trading on Wednesday, reaching $26.20. The stock had a trading volume of 49,487 shares, compared to its average volume of 246,988. The firm has a market capitalization of $1.03 billion, a PE ratio of 19.55 and a beta of 0.79. The stock’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $22.65. Propel has a 52-week low of $17.24 and a 52-week high of $35.28.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRL. ATB Cormark Capital Markets raised their target price on Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and upped their price target for the company from C$31.00 to C$38.00 in a research report on Thursday, August 6th. TD increased their price objective on Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Ventum lifted their price target on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, TD Securities raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).