Propel Holdings Inc. (TSE:PRL) Raises Dividend to $0.26 Per Share

Propel Holdings Inc. (TSE:PRL) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.255 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, August 14th. This is a 6.3% increase from Propel’s previous quarterly dividend of $0.24.

Propel Stock Down 3.4%

TSE:PRL traded down $0.91 during midday trading on Wednesday, hitting $26.20. The company had a trading volume of 49,487 shares, compared to its average volume of 246,988. Propel has a 52-week low of $17.24 and a 52-week high of $35.28. The stock’s fifty day moving average price is $24.72 and its 200-day moving average price is $22.65. The company has a market capitalization of $1.03 billion, a PE ratio of 19.55 and a beta of 0.79.

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).