Propel Holdings Inc. (TSE:PRL) Announces Quarterly Dividend of $0.66

Propel Holdings Inc. (TSE:PRL - Get Free Report) announced a quarterly dividend on Wednesday, February 19th, TickerTech Dividends reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.66 per share on Wednesday, March 5th. This represents a $2.64 annualized dividend and a yield of 7.93%. The ex-dividend date is Wednesday, February 19th. This is a boost from Propel's previous quarterly dividend of $0.15.

Propel Price Performance

PRL stock traded down $1.17 during trading on Thursday, hitting $33.29. The stock had a trading volume of 208,292 shares, compared to its average volume of 153,859. The stock has a market capitalization of $926.82 million, a P/E ratio of 20.59 and a beta of 1.75. The company's 50-day moving average price is $36.89 and its two-hundred day moving average price is $33.59. Propel has a twelve month low of $14.97 and a twelve month high of $43.36.

Insider Activity

In other news, Senior Officer Noah Buchman sold 18,800 shares of Propel stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $37.40, for a total transaction of $703,120.00. Also, Senior Officer Jonathan Ari Goler sold 5,200 shares of Propel stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $38.30, for a total transaction of $199,160.00. In the last 90 days, insiders have sold 59,600 shares of company stock valued at $2,208,443. 33.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stephens upgraded Propel to a "strong-buy" rating in a report on Wednesday, November 13th. Scotiabank cut Propel from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Raymond James boosted their target price on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Finally, Eight Capital boosted their target price on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Propel has a consensus rating of "Buy" and a consensus target price of $41.00.

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.