Propel Holdings Inc. (TSE:PRL) Increases Dividend to $0.15 Per Share

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Friday, November 15th,TickerTech Dividends reports. Investors of record on Wednesday, December 4th will be paid a dividend of 0.15 per share on Wednesday, December 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Propel’s previous quarterly dividend of $0.14.

Propel Trading Up 0.4 %

TSE:PRL traded up $0.14 on Thursday, reaching $36.49. 29,739 shares of the stock traded hands, compared to its average volume of 92,818. The company’s fifty day simple moving average is $31.95 and its 200 day simple moving average is $25.51. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.42 and a beta of 1.75. Propel has a 12 month low of $8.94 and a 12 month high of $40.88.

Analyst Ratings Changes

PRL has been the subject of several recent analyst reports. Eight Capital boosted their price target on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Raymond James upped their target price on shares of Propel from C$34.00 to C$40.00 in a research note on Thursday, November 7th. Ventum Financial set a C$38.00 price target on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Finally, Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a report on Tuesday, October 8th.

Propel Company Profile

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.