Propel Holdings Inc. (TSE:PRL) to Issue $0.14 Quarterly Dividend

Propel Holdings Inc. (TSE:PRL) announced a quarterly dividend on Wednesday, August 7th, TickerTech reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.14 per share on Thursday, September 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, August 16th.

Propel Trading Down 3.8 %

PRL stock traded down $0.97 during midday trading on Friday, reaching $24.86. 73,758 shares of the company were exchanged, compared to its average volume of 73,575. The business has a 50-day moving average price of $22.89 and a two-hundred day moving average price of $17.19. Propel has a one year low of $7.07 and a one year high of $29.89.

Propel (TSE:PRL) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $130.10 million for the quarter, compared to the consensus estimate of $128.45 million.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price on Propel from C$26.50 to C$28.00 in a research note on Thursday.

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.