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FINWIRES

Propel Holdings Posts Higher Adjusted Earnings and, Revenue for the Second Quarter; Dividend Raised

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Propel Holdings (PRL.TO) after trade Wednesday reported second-quarter adjusted earnings per share of $0.58, up from $0.45 a year ago.

Analysts polled by FactSet expected $0.47.

Revenue for the quarter ended June 30 was $179.6 million, up from $143 million a year prior.

Analysts polled by FactSet expected $177.3 million.

The financial-technologies company also said its board approved a 6% increase to the quarterly dividend, raising it from C$0.24 to C$0.255 per common share. It is payable on Sept. 3 to shareholders of record as of Aug. 14.

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