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

Freehold Royalties Ltd. (TSE:FRUGet Free Report) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 17th will be paid a dividend of 0.09 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, July 31st.

Freehold Royalties Price Performance

TSE FRU opened at C$16.46 on Wednesday. The company has a debt-to-equity ratio of 30.45, a quick ratio of 1.50 and a current ratio of 1.73. The stock has a market cap of C$2.70 billion, a price-to-earnings ratio of 30.48, a PEG ratio of -0.92 and a beta of 0.59. The business has a 50 day simple moving average of C$16.76 and a 200 day simple moving average of C$16.93. Freehold Royalties has a 52-week low of C$12.94 and a 52-week high of C$18.22.

Freehold Royalties (TSE:FRUGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. The firm had revenue of C$77.82 million for the quarter. Analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada boosted their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$17.03.

View Our Latest Report on Freehold Royalties

About Freehold Royalties

(Get Free Report)

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. The majority of its revenue is generated from Canada Segment.

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Dividend History for Freehold Royalties (TSE:FRU)

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