Dividend GrowthPropel Holdings, Inc. has increased its annual dividend by 8% from C$0.78 to C$0.84, marking the ninth consecutive time the company has announced a dividend increase.
Growth OutlookManagement appeared bullish on the medium-term outlook for the business, with expectations for ~30% revenue growth and a positive margin tailwind.
Strategic PositioningPropel's strategic positioning for an accelerated bank-fintech industry shift and expanding partnerships indicate it is well-placed to capitalize on new lending opportunities.