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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.09 per share on Wednesday, January 15th. This represents a $1.08 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Tuesday, December 31st.

Freehold Royalties Price Performance

TSE FRU opened at C$12.68 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 1 year low of C$12.19 and a 1 year high of C$14.84. The company has a market cap of C$1.91 billion, a PE ratio of 12.68, a PEG ratio of -0.92 and a beta of 1.93. The stock’s 50-day moving average price is C$13.60 and its two-hundred day moving average price is C$13.73.

Analysts Set New Price Targets

Several brokerages recently commented on FRU. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. CIBC set a C$16.00 target price on Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group reduced their price objective on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.28.

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.