Propel Holdings Inc. (PRL) to Issue Quarterly Dividend of $0.15 on December 4th

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Wednesday, November 6th,TickerTech Dividends reports. Shareholders of record on Friday, November 15th will be paid 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 1.49%. The ex-dividend date is Friday, November 15th. This is an increase from Propel’s previous quarterly dividend of $0.14.

Propel Trading Up 1.3 %

Shares of TSE:PRL traded up $0.51 during trading on Friday, reaching $40.17. 161,937 shares of the company traded hands, compared to its average volume of 90,322. Propel has a 52-week low of $8.19 and a 52-week high of $40.88. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 27.73 and a beta of 1.75. The business’s fifty day moving average is $31.32 and its 200-day moving average is $24.90.

Propel (TSE:PRL) last released its earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. Propel had a return on equity of 36.84% and a net margin of 10.17%. The business had revenue of $146.06 million for the quarter, compared to the consensus estimate of $137.00 million. On average, sell-side analysts predict that Propel will post 5.3923205 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th. Ventum Financial set a C$38.00 price target on Propel and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James boosted their target price on Propel from C$34.00 to C$40.00 in a research report on Thursday. Scotiabank upgraded shares of Propel from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$28.00 to C$34.00 in a report on Friday, October 4th. Finally, Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a report on Tuesday, October 8th.

Propel Company Profile

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.