TORONTO, Nov. 15, 2021 /CNW/ - Propel Holdings Inc.
("Propel" or the "Company") (TSX: PRL) today
announced that its board of directors has declared a dividend of
CAD$0.095 per common share, payable
on December 8, 2021 to shareholders of record as of the
close of business on November 22, 2021. This dividend marks
Propel's first dividend declared as a public Company and is
consistent with the dividend policy disclosed in its IPO prospectus
dated October 13, 2021. The
Company has designated this dividend as an eligible dividend within
the meaning of the Income Tax Act (Canada).
Propel is an innovative, online fintech company, committed to
credit inclusion by providing fair, fast and transparent access to
credit with exceptional service using its proprietary online
lending platform. Through its operating brands, MoneyKey and
CreditFresh, Propel is focused on providing access to credit to the
over 60 million underserved U.S. consumers who struggle to access
credit from mainstream credit providers. Propel's revenue growth
and profitability have accelerated significantly over the past two
years as Propel has been able to facilitate access to credit for an
increasing number of consumers, helping them move forward in their
This news release contains "forward-looking information" within
the meaning of applicable securities legislation, which reflects
the Company's current expectations regarding future events.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control. Actual results could differ
materially from those projected herein. Unless otherwise noted or
the context otherwise indicates, the forward-looking information
contained in this news release is provided as of the date of this
news release and Propel does not undertake any obligation to update
such forward-looking information, whether as a result of new
information, future events or otherwise, except as expressly
required under applicable securities laws.
SOURCE Propel Holdings Inc.