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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders 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 8.56%. The ex-dividend date of this dividend is Friday, February 28th.

Freehold Royalties Stock Performance

Shares of TSE FRU traded up C$0.03 during midday trading on Wednesday, reaching C$12.61. 118,574 shares of the stock were exchanged, compared to its average volume of 699,565. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The firm has a market cap of C$1.90 billion, a price-to-earnings ratio of 14.29, a PEG ratio of -0.92 and a beta of 1.93. The firm has a 50-day simple moving average of C$12.84 and a two-hundred day simple moving average of C$13.46. Freehold Royalties has a twelve month low of C$12.06 and a twelve month high of C$14.84.

Analysts Set New Price Targets

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

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.