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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.09 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Freehold Royalties Trading Up 0.1%

Shares of TSE:FRU opened at C$16.27 on Friday. The stock has a 50 day moving average of C$17.23 and a 200 day moving average of C$16.72. The company has a market cap of C$2.67 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of -0.92 and a beta of 0.56. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45. Freehold Royalties has a 12-month low of C$12.69 and a 12-month high of C$18.22.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%.The business had revenue of C$77.82 million during the quarter. As a group, equities research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.

Analyst Ratings Changes

FRU has been the topic of a number of research reports. Royal Bank Of Canada lifted their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, April 13th. Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. Desjardins reduced their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. Finally, TD Securities decreased their price target on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Freehold Royalties has an average rating of “Hold” and an average target price of C$17.03.

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