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

Propel Holdings Inc. (TSE:PRL - Get Free Report) announced a quarterly dividend on Thursday, May 15th, TickerTech Dividends reports. Investors 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 dividend yield of 2.20%. The ex-dividend date is Thursday, May 15th.

Propel Stock Down 1.8%

Shares of TSE:PRL traded down $0.61 during midday trading on Friday, reaching $32.79. The company had a trading volume of 141,270 shares, compared to its average volume of 208,843. The business's 50 day moving average price is $26.00 and its 200 day moving average price is $32.35. The stock has a market cap of $912.90 million, a PE ratio of 20.28 and a beta of 1.75. Propel has a 1-year low of $19.91 and a 1-year high of $43.36.

Insiders Place Their Bets

In related news, Senior Officer Gary Edelstein sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $34.50, for a total value of $86,250.00. Also, Senior Officer Cindy Usprech sold 11,050 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $32.54, for a total value of $359,567.00. Insiders have sold a total of 18,550 shares of company stock valued at $613,467 over the last 90 days. 33.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on PRL shares. Raymond James lowered their target price on Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Scotiabank lowered their target price on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Propel has an average rating of "Strong Buy" and a consensus price target of $41.25.

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.