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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.09 per share on Monday, March 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date of this dividend is Friday, February 28th.

Freehold Royalties Stock Performance

Shares of FRU stock traded up C$0.08 on Wednesday, hitting C$12.66. The company had a trading volume of 132,474 shares, compared to its average volume of 700,640. The firm has a market cap of C$1.90 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. Freehold Royalties has a twelve month low of C$12.06 and a twelve month high of C$14.84. The company has a 50-day moving average price of C$12.84 and a 200-day moving average price of C$13.46. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FRU shares. National Bankshares lifted their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets upgraded shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, CIBC set a C$16.00 target price on Freehold Royalties and gave the company a “neutral” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$16.71.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.