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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.09 per share on Tuesday, February 18th. This represents a $1.08 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend is Friday, January 31st.

Freehold Royalties Stock Performance

FRU opened at C$12.62 on Wednesday. Freehold Royalties has a 12-month low of C$12.19 and a 12-month high of C$14.84. The firm has a market capitalization of C$1.90 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock’s 50 day moving average price is C$13.25 and its two-hundred day moving average price is C$13.62. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83.

Freehold Royalties (TSE:FRU) last released its earnings results on Thursday, November 7th. The company reported C$0.17 EPS for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. On average, equities analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FRU shares. 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. Raymond James raised Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Canaccord Genuity Group reduced their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Three 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 company. According to data from MarketBeat.com, Freehold Royalties currently has a consensus rating of “Moderate Buy” and an average target price of C$17.00.

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.