Freehold Royalties Ltd (OTCMKTS:FRHLF – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $10.50 and last traded at $10.4020, with a volume of 22968 shares traded. The stock had previously closed at $10.24.
Freehold Royalties Stock Performance
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a 50 day moving average of $9.88 and a 200 day moving average of $9.49. The stock has a market capitalization of $1.69 billion and a P/E ratio of 18.73.
Freehold Royalties Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were paid a $0.0652 dividend. The ex-dividend date was Tuesday, September 30th. This is an increase from Freehold Royalties’s previous dividend of $0.07. This represents a dividend yield of 794.0%. Freehold Royalties’s dividend payout ratio (DPR) is 138.18%.
About Freehold Royalties
Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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