Propel Holdings Inc. Plans Quarterly Dividend of $0.18 (TSE:PRL)

Propel Holdings Inc. (TSE:PRL) announced a quarterly dividend on Thursday, May 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 4th will be given 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 2.18%. The ex-dividend date of this dividend is Thursday, May 15th.

Propel Price Performance

Shares of TSE PRL traded down $0.23 during midday trading on Tuesday, reaching $33.02. 19,040 shares of the company traded hands, compared to its average volume of 209,641. The stock has a 50-day moving average price of $25.34 and a 200 day moving average price of $32.34. The company has a market cap of $919.31 million, a price-to-earnings ratio of 20.42 and a beta of 1.75. Propel has a 52 week low of $19.91 and a 52 week high of $43.36.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Raymond James dropped their price target on Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Scotiabank dropped their price target on 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. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price 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.