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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors 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 yield of 8.52%. The ex-dividend date of this dividend is Friday, February 28th.

Freehold Royalties Stock Performance

FRU stock traded up C$0.09 during trading on Wednesday, hitting C$12.67. 172,889 shares of the company’s stock traded hands, compared to its average volume of 702,546. The stock has a fifty day moving average price of C$12.84 and a two-hundred day moving average price of C$13.46. The stock has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. Freehold Royalties has a 52 week low of C$12.06 and a 52 week high of C$14.84.

Analyst Ratings Changes

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

About Freehold Royalties

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.