Freehold Royalties Ltd. (TSE:FRU) Plans $0.09 Monthly Dividend

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Thursday, October 17th, TickerTech reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.09 per share on Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 7.81%. The ex-dividend date of this dividend is Thursday, October 31st.

Freehold Royalties Stock Up 0.2 %

Shares of FRU opened at C$13.83 on Wednesday. The company’s 50-day simple moving average is C$13.79 and its 200-day simple moving average is C$13.91. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.06. The stock has a market capitalization of C$2.08 billion, a PE ratio of 13.83, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last released its earnings results on Wednesday, July 31st. The company reported C$0.26 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. The company had revenue of C$84.50 million for the quarter. Analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FRU shares. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Scotiabank reduced their price target on Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Raymond James upgraded Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group reduced their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.35.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.