Propel Holdings Inc. (PRL) to Issue Quarterly Dividend of $0.24 on June 3rd

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Wednesday, June 3rd will be given a dividend of 0.24 per share on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, May 15th. This is a 6.7% increase from Propel’s previous quarterly dividend of $0.23.

Propel Stock Down 1.5%

TSE:PRL traded down $0.33 on Wednesday, reaching $21.61. 126,497 shares of the company’s stock were exchanged, compared to its average volume of 285,494. The firm has a market capitalization of $850.61 million, a price-to-earnings ratio of 16.13 and a beta of 0.56. The business has a fifty day moving average of $20.26 and a 200-day moving average of $22.67. Propel has a 52-week low of $17.24 and a 52-week high of $39.15.

Analysts Set New Price Targets

Several equities analysts have commented on PRL shares. Ventum Financial decreased their price target on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Raymond James Financial reduced their price objective on Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. ATB Cormark Capital Markets decreased their target price on Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Canaccord Genuity Group lowered their target price on Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th. Finally, Scotiabank downgraded Propel from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from C$35.00 to C$27.00 in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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).