The increase marks a 6.3% rise from the previous CAD 0.240 dividend, payable June 3 to shareholders of record.
Propel Holdings announced a 6.3% increase in its quarterly dividend to CAD 0.255 per share, up from CAD 0.240 previously. The dividend will be payable on June 3 to shareholders of record as of June 24, with an ex-dividend date also set for June 24.
The move follows the company’s prior dividend of CAD 0.240 per share, reflecting a consistent growth strategy. Propel Holdings has maintained a pattern of gradual dividend increases in recent periods.
No immediate market reaction was disclosed in the announcement.