Freehold Royalties Ltd (FRU) to Issue C$0.04 Monthly Dividend
Freehold Royalties Ltd (TSE:FRU) declared a monthly dividend on Monday, November 28th. Stockholders of record on Thursday, December 15th will be given a dividend of 0.04 per share on Thursday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Monday, November 28th.
Freehold Royalties (TSE:FRU) opened at 12.52 on Wednesday. The stock’s 50 day moving average is $12.74 and its 200 day moving average is $11.88. The company’s market cap is $1.48 billion. Freehold Royalties has a 12-month low of $8.29 and a 12-month high of $13.46.
Several equities research analysts have recently issued reports on the stock. Cormark reissued a “buy” rating on shares of Freehold Royalties in a research report on Friday, October 28th. Barclays PLC increased their target price on shares of Freehold Royalties from C$14.00 to C$15.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Scotiabank restated a “sector perform” rating and set a C$14.50 target price on shares of Freehold Royalties in a report on Friday, August 5th. CIBC increased their target price on shares of Freehold Royalties from C$13.50 to C$16.00 in a report on Wednesday, October 19th. Finally, TD Securities restated a “buy” rating and set a C$16.00 target price on shares of Freehold Royalties in a report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Freehold Royalties currently has an average rating of “Buy” and an average target price of C$15.18.
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Freehold Royalties Company Profile
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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