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  5. PRL: Hello 5i team, I listened to the Propel conference call yesterday and two things I found interesting [Propel Holdings Inc.]
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Investment Q&A

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Q: Hello 5i team,
I listened to the Propel conference call yesterday and two things I found interesting: 1) their dividend payout ratio is 22-23%. They mentioned there lots of room for growth. 2) Fintech adoption in Canada is only around 14%; which is much lower than other western countries. What are your thoughts on PRL going forward?
Thank you for the great service.
Brent
Asked by Brent on August 12, 2024
5i Research Answer:

We have posted comments today and commented on the quarter last week. We like its growth, valuation, dividend growth and management. It is doing an excellent job managing high growth. There is economic, size and rate risk, but it is priced well and we like how things are proceeding at the company after its public IPO in 2021. Insiders also own a significant chunk.