Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on July 15th

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

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$16.27 on Friday. Freehold Royalties has a twelve month low of C$12.69 and a twelve month high of C$18.22. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45. 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’s 50 day moving average is C$17.23 and its 200 day moving average is C$16.72.

Freehold Royalties (TSE:FRUGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$77.82 million during the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. On average, sell-side analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday, April 13th. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$17.50 to C$18.00 in a research report on Monday, March 30th. TD Securities decreased their price objective on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, Desjardins reduced their price target on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$17.03.

Get Our Latest Analysis on FRU

Freehold Royalties Company Profile

(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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