Propel Holdings Inc. (TSE:PRL) Plans Dividend Increase – $0.24 Per Share

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.24 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis 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 Price Performance

Shares of TSE PRL traded down $0.32 during midday trading on Wednesday, reaching $21.62. The company’s stock had a trading volume of 104,939 shares, compared to its average volume of 285,161. Propel has a 12-month low of $17.24 and a 12-month high of $39.15. The firm has a 50 day moving average price of $20.26 and a 200-day moving average price of $22.67. The stock has a market capitalization of $851.01 million, a P/E ratio of 16.13 and a beta of 0.56.

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. 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).