Freehold Royalties Ltd. (TSE:FRU – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$17.09 and traded as high as C$17.19. Freehold Royalties shares last traded at C$17.15, with a volume of 482,545 shares.
Freehold Royalties Trading Down 0.3%
The company has a debt-to-equity ratio of 28.05, a current ratio of 1.80 and a quick ratio of 1.50. The firm has a market capitalization of C$2.81 billion, a PE ratio of 20.19, a P/E/G ratio of -0.92 and a beta of 0.76. The company’s fifty day simple moving average is C$17.25 and its 200-day simple moving average is C$17.09.
Freehold Royalties (TSE:FRU – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$100.29 million for the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. As a group, sell-side analysts expect that Freehold Royalties Ltd. will post 0.76 earnings per share for the current fiscal year.
Freehold Royalties Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, October 30th. Freehold Royalties’s dividend payout ratio is 127.06%.
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.
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