Propel Holdings Inc. announced that its board of directors has approved an increase to the annual dividend from CAD 0.38 per common share to CAD 0.40 per common share, representing an increase of 5.3% and the Company's first dividend increase as a publicly traded company. The board declared a dividend of CAD 0.10 per common share, payable on June 7, 2023 to shareholders of record as of the close of business on May 17, 2023.