Propel Holdings Inc. (TSE:PRL) Declares Dividend Increase – $0.26 Per Share

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Investors 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 Stock Down 2.3%

TSE PRL traded down $0.63 during trading on Wednesday, hitting $26.48. 54,587 shares of the stock traded hands, compared to its average volume of 246,988. The company has a market capitalization of $1.04 billion, a P/E ratio of 19.76 and a beta of 0.79. The firm has a 50-day simple moving average of $24.72 and a 200-day simple moving average of $22.65. Propel has a 12-month low of $17.24 and a 12-month high of $35.28.

Propel Company Profile

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).