Propel Holdings Inc. (TSE:PRL) Plans Dividend Increase – $0.66 Per Share

Propel Holdings Inc. (TSE:PRL) declared a quarterly dividend on Wednesday, February 19th,TickerTech Dividends reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.66 per share on Wednesday, March 5th. This represents a $2.64 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Propel’s previous quarterly dividend of $0.15.

Propel Trading Down 1.7 %

Shares of PRL opened at $35.76 on Monday. The stock has a market capitalization of $995.59 million, a PE ratio of 22.12 and a beta of 1.75. Propel has a fifty-two week low of $14.97 and a fifty-two week high of $43.36. The business has a 50-day simple moving average of $37.02.

Analysts Set New Price Targets

A number of brokerages have weighed in on PRL. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Eight Capital upped their price objective on shares of Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Raymond James upped their price objective on shares of Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Finally, Stephens upgraded shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Propel presently has a consensus rating of “Buy” and an average price target of $41.00.

Insider Transactions at Propel

In related news, Senior Officer Cindy Usprech sold 5,600 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Director Clive Kinross sold 30,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $36.79, for a total transaction of $1,103,817.00. Over the last 90 days, insiders have sold 59,600 shares of company stock worth $2,208,443. Corporate insiders own 33.31% of the company’s stock.

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.