Propel Holdings Inc. (TSE:PRL) Raises Dividend to $0.23 Per Share

Propel Holdings Inc. (TSE:PRL) announced a quarterly dividend on Friday, February 20th, TickerTech Dividends reports. Investors of record on Wednesday, March 4th will be given a dividend of 0.225 per share on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 20th. This is a 7.1% increase from Propel’s previous quarterly dividend of $0.21.

Propel Trading Down 1.3%

PRL traded down $0.33 during midday trading on Wednesday, hitting $24.15. The company’s stock had a trading volume of 18,080 shares, compared to its average volume of 222,281. The firm has a market cap of $950.40 million, a P/E ratio of 15.48 and a beta of 0.62. The firm has a 50-day moving average price of $24.56 and a two-hundred day moving average price of $26.99. Propel has a 52-week low of $20.00 and a 52-week high of $39.15.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).