Propel Holdings Inc. (TSE:PRL) Declares 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 paid 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 Stock Down 1.7 %

Shares of PRL opened at $35.76 on Monday. The company has a market cap of $995.59 million, a price-to-earnings ratio of 22.12 and a beta of 1.75. The firm’s 50-day moving average is $37.02. Propel has a 1-year low of $14.97 and a 1-year high of $43.36.

Insider Activity at Propel

In other Propel news, Senior Officer Jonathan Ari Goler sold 5,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $38.30, for a total transaction of $199,160.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $36.13, for a total value of $202,345.92. Insiders sold a total of 59,600 shares of company stock worth $2,208,443 in the last three months. Company insiders own 33.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PRL shares. Raymond James upped their target price on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Eight Capital upped their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Stephens raised shares of Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.00.

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.