Propel Holdings Inc. (TSE:PRL) Raises Dividend to $0.15 Per Share

Propel Holdings Inc. (TSE:PRL - Get Free Report) declared a quarterly dividend on Friday, November 15th,TickerTech Dividends reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.15 per share on Wednesday, December 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Propel's previous quarterly dividend of $0.14.

Propel Trading Up 0.2 %

Shares of TSE PRL traded up $0.08 during midday trading on Friday, reaching $39.74. The company's stock had a trading volume of 231,996 shares, compared to its average volume of 90,645. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.27 and a beta of 1.75. Propel has a fifty-two week low of $8.19 and a fifty-two week high of $40.88. The stock has a 50 day simple moving average of $31.32 and a 200-day simple moving average of $24.90.

Propel (TSE:PRL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. The company had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million. Propel had a net margin of 10.17% and a return on equity of 36.84%. As a group, equities analysts anticipate that Propel will post 5.3923205 EPS for the current year.

Wall Street Analyst Weigh In

PRL has been the subject of a number of analyst reports. Eight Capital raised their price target on Propel from C$38.00 to C$45.00 in a research note on Friday. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a "buy" rating in a research report on Wednesday, October 9th. Ventum Cap Mkts raised shares of Propel to a "strong-buy" rating in a report on Tuesday, October 8th. Scotiabank upgraded Propel from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$28.00 to C$34.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group upgraded Propel to a "strong-buy" rating in a research note on Friday, October 4th.

About Propel

Propel Holdings Inc operates as a financial technology company. The company's lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.