Propel Holdings Inc. (PRL) to Issue Quarterly Dividend of $0.24 on June 3rd

by · The Cerbat Gem

Propel Holdings Inc. (TSE:PRL – Get Free Report) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Wednesday, June 3rd will be given a dividend of 0.24 per share on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, May 15th. This is a 6.7% increase from Propel’s previous quarterly dividend of $0.23.

Propel Stock Down 1.5%

TSE:PRL traded down $0.33 on Wednesday, reaching $21.61. 126,497 shares of the company’s stock were exchanged, compared to its average volume of 285,494. The firm has a market capitalization of $850.61 million, a price-to-earnings ratio of 16.13 and a beta of 0.56. The business has a fifty day moving average of $20.26 and a 200-day moving average of $22.67. Propel has a 52-week low of $17.24 and a 52-week high of $39.15.

Analysts Set New Price Targets

Several equities analysts have commented on PRL shares. Ventum Financial decreased their price target on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Raymond James Financial reduced their price objective on Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. ATB Cormark Capital Markets decreased their target price on Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Canaccord Genuity Group lowered their target price on Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th. Finally, Scotiabank downgraded Propel from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from C$35.00 to C$27.00 in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Get Our Latest Report on Propel

Propel Company Profile

(Get Free Report)

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).

Recommended Stories