Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on December 16th

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.09 per share on Monday, December 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Friday, November 29th.

Freehold Royalties Trading Down 0.8 %

Shares of Freehold Royalties stock opened at C$14.04 on Wednesday. The firm has a market capitalization of C$2.12 billion, a price-to-earnings ratio of 14.02, a PEG ratio of -0.92 and a beta of 1.93. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The firm’s 50 day simple moving average is C$13.94 and its two-hundred day simple moving average is C$13.82. Freehold Royalties has a 12-month low of C$12.66 and a 12-month high of C$14.84.

Wall Street Analyst Weigh In

FRU has been the topic of a number of research reports. Raymond James raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group cut their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Finally, Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.35.

About Freehold Royalties

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.