Propel Holdings Inc. Plans 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. Stockholders 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 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, May 15th.

Propel Price Performance

Shares of PRL stock traded down $0.61 during trading on Friday, hitting $32.79. 141,270 shares of the stock traded hands, compared to its average volume of 208,843. The firm has a market capitalization of $912.90 million, a P/E ratio of 20.28 and a beta of 1.75. The firm's fifty day moving average price is $26.00 and its 200-day moving average price is $32.37. Propel has a 52-week low of $19.91 and a 52-week high of $43.36.

Insider Activity at Propel

In other Propel news, Senior Officer Cindy Usprech sold 11,050 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $32.54, for a total value of $359,567.00. Also, Director Clive Kinross sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.53, for a total transaction of $167,650.00. In the last quarter, insiders sold 18,550 shares of company stock worth $613,467. Insiders own 33.31% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Raymond James reduced their price target on shares of 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 reduced their price target on shares of 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 analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Propel has a consensus rating of "Strong Buy" and an average price target of $41.25.

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.