Propel Holdings Inc. (TSE:PRL) Declares Quarterly Dividend of $0.78

Key Points

• Propel Holdings Inc. has announced a quarterly dividend of $0.78 per share, an increase of 333.3% from the previous dividend of $0.18.
• The dividend will be paid to shareholders of record on September 4th, with an ex-dividend date of August 27th, resulting in an annualized yield of 9.5%.
• As of Monday, Propel's stock is trading at $32.76, with its market capitalization at $912.07 million and a price-to-earnings ratio of 20.26.

Propel Holdings Inc. (TSE:PRL - Get Free Report) announced a quarterly dividend on Wednesday, August 27th, TickerTech Dividends reports. Investors of record on Thursday, September 4th will be paid a dividend of 0.78 per share on Thursday, September 4th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a 333.3% increase from Propel's previous quarterly dividend of $0.18.

Propel Stock Down 2.2%

Shares of Propel stock traded down $0.72 during mid-day trading on Friday, hitting $32.21. The stock had a trading volume of 76,407 shares, compared to its average volume of 169,289. The firm has a 50-day moving average of $35.60 and a two-hundred day moving average of $31.07. Propel has a 12-month low of $20.99 and a 12-month high of $43.36. The firm has a market cap of $1.26 billion, a P/E ratio of 21.76 and a beta of 1.53.

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.