Propel Holdings Inc. (TSE:PRL) Declares Quarterly Dividend of $0.18

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Thursday, May 15th, TickerTech Dividends reports. Investors of record on Wednesday, June 4th will be given a dividend of 0.18 per share on Wednesday, June 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 15th.

Propel Stock Performance

Shares of TSE PRL traded up $0.15 during trading hours on Tuesday, hitting $33.40. 48,263 shares of the stock were exchanged, compared to its average volume of 209,960. The company has a market cap of $929.89 million, a PE ratio of 20.66 and a beta of 1.75. Propel has a 1-year low of $19.91 and a 1-year high of $43.36. The company’s fifty day simple moving average is $25.34 and its two-hundred day simple moving average is $32.34.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James cut their target price on Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Scotiabank dropped their price target on Propel from C$44.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Propel currently has a consensus rating of “Strong Buy” and a consensus price target of $41.25.

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.