Propel Holdings Inc. (TSE:PRL) Increases Dividend to $0.78 Per Share

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) declared a quarterly dividend on Wednesday, August 27th, TickerTech Dividends reports. Stockholders of record on Thursday, September 4th will be given a dividend of 0.78 per share on Thursday, September 4th. This represents a c) annualized dividend and a dividend yield of 9.5%. 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 Trading Up 1.7%

TSE:PRL traded up $0.56 during mid-day trading on Thursday, hitting $32.93. The stock had a trading volume of 98,684 shares, compared to its average volume of 169,849. The company has a 50 day simple moving average of $35.72 and a 200-day simple moving average of $31.18. The stock has a market capitalization of $916.80 million, a price-to-earnings ratio of 20.37 and a beta of 1.75. Propel has a 52 week low of $20.99 and a 52 week high of $43.36.

Insider Buying and Selling

In other Propel news, Senior Officer Bradley Sherk sold 6,100 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $31.85, for a total value of $194,285.00. Also, Senior Officer Sheldon Saidakovsky sold 5,200 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $33.65, for a total transaction of $174,980.00. Insiders have sold 92,388 shares of company stock worth $3,328,641 over the last ninety days. 33.31% of the stock is currently owned by corporate insiders.

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.