Propel Holdings Inc. (TSE:PRL) Announces Quarterly Dividend of $0.21

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Friday, November 14th, TickerTech Dividends reports. Investors of record on Thursday, December 4th will be given a dividend of 0.21 per share on Thursday, December 4th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, November 14th.

Propel Stock Performance

PRL traded up $1.10 on Wednesday, reaching $22.53. The company had a trading volume of 215,251 shares, compared to its average volume of 187,908. Propel has a 52-week low of $20.99 and a 52-week high of $43.36. The company has a market cap of $886.65 million, a price-to-earnings ratio of 14.44 and a beta of 1.07. The business has a 50 day simple moving average of $28.06 and a 200 day simple moving average of $31.93.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PRL shares. Ventum Financial lowered their price objective on shares of Propel from C$42.00 to C$40.00 in a research report on Thursday, November 6th. Scotiabank reduced their target price on Propel from C$40.00 to C$38.00 in a research note on Wednesday, November 5th. Finally, Raymond James Financial lowered their price target on Propel from C$42.00 to C$35.00 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

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.