Propel Holdings Inc. (TSE:PRL) to Issue Quarterly Dividend of $0.66

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Wednesday, February 19th,TickerTech Dividends reports. Shareholders of record on Wednesday, March 5th will be given a dividend of 0.66 per share on Wednesday, March 5th. This represents a $2.64 annualized dividend and a yield of 7.38%. The ex-dividend date is Wednesday, February 19th. This is a boost from Propel’s previous quarterly dividend of $0.15.

Propel Trading Down 1.7 %

Shares of TSE PRL opened at $35.76 on Monday. The stock has a fifty day moving average price of $37.02. The stock has a market capitalization of $995.59 million, a PE ratio of 22.12 and a beta of 1.75. Propel has a 1 year low of $14.97 and a 1 year high of $43.36.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PRL. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Stephens raised shares of Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. Raymond James increased their price objective on shares of Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Finally, Eight Capital increased their price objective on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Propel presently has an average rating of “Buy” and a consensus price target of $41.00.

Insider Activity at Propel

In other Propel news, Senior Officer Jonathan Ari Goler sold 5,200 shares of Propel stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $38.30, for a total value of $199,160.00. Also, Director Clive Kinross sold 30,000 shares of Propel stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.79, for a total transaction of $1,103,817.00. Over the last ninety days, insiders sold 59,600 shares of company stock valued at $2,208,443. Corporate insiders own 33.31% of the company’s stock.

About Propel

Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.