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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Thursday, October 17th, TickerTech reports. Investors of record on Thursday, October 31st will be given a dividend of 0.09 per share on Friday, November 15th. This represents a $1.08 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend is Thursday, October 31st.

Freehold Royalties Stock Down 0.3 %

FRU stock opened at C$13.95 on Friday. The company has a fifty day moving average price of C$13.74 and a 200 day moving average price of C$13.93. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.06. The company has a market cap of C$2.10 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.26 EPS for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. The firm had revenue of C$84.50 million during the quarter. Sell-side analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on FRU. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Scotiabank cut their price objective on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$17.45.

Freehold Royalties Company Profile

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.