Freehold Royalties Ltd. (TSE:FRU) Shares Set to Pay Monthly Dividend of $0.09

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Tuesday, September 29th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.09 per share on Thursday, October 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, September 29th.

Freehold Royalties Price Performance

Shares of TSE FRU traded down C$0.01 during mid-day trading on Friday, reaching C$16.82. The company had a trading volume of 385,854 shares, compared to its average volume of 664,446. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 28.05. The stock has a market cap of C$2.76 billion, a PE ratio of 19.79, a P/E/G ratio of -0.92 and a beta of 0.62. The company has a 50-day moving average price of C$17.29 and a two-hundred day moving average price of C$17.16. Freehold Royalties has a 1-year low of C$13.41 and a 1-year high of C$18.22.

Freehold Royalties (TSE:FRU) last announced its earnings results on Wednesday, July 29th. The company reported C$0.34 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 13.88% and a net margin of 43.54%.The company had revenue of C$100.29 million for the quarter. On average, equities analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current year.

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.