Propel Holdings Inc. (TSE:PRL) Announces Dividend Increase – $0.66 Per Share

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Wednesday, February 19th,TickerTech Dividends reports. Stockholders 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 dividend yield of 7.38%. The ex-dividend date is Wednesday, February 19th. This is an increase from Propel’s previous quarterly dividend of $0.15.

Propel Stock Down 1.7 %

Shares of Propel stock opened at $35.76 on Monday. Propel has a 52-week low of $14.97 and a 52-week high of $43.36. The business has a 50 day moving average price of $37.02. The stock has a market capitalization of $995.59 million, a P/E ratio of 22.12 and a beta of 1.75.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PRL. Eight Capital upped their price target on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Raymond James raised their price target on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Stephens raised Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Scotiabank downgraded shares of Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $41.00.

Insider Transactions at Propel

In related news, Senior Officer Cindy Usprech sold 5,600 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Senior Officer Noah Buchman sold 18,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $37.40, for a total transaction of $703,120.00. Insiders sold 59,600 shares of company stock valued at $2,208,443 in the last 90 days. 33.31% of the stock is currently owned by insiders.

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.