Propel Holdings Inc. (TSE:PRL) to Issue $0.18 Quarterly Dividend

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 paid a dividend of 0.18 per share on Wednesday, June 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 15th.

Propel Price Performance

Shares of TSE PRL traded up $0.15 during mid-day trading on Tuesday, reaching $33.40. 48,263 shares of the company traded hands, compared to its average volume of 209,960. The firm has a market cap of $929.89 million, a PE ratio of 20.66 and a beta of 1.75. Propel has a fifty-two week low of $19.91 and a fifty-two week high of $43.36. The stock has a fifty day simple moving average of $25.34 and a 200-day simple moving average of $32.34.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank lowered their target price on shares of Propel from C$44.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Raymond James cut their price objective on Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company 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.