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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Tuesday, April 16th, TickerTech reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend is Monday, April 29th.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$14.47 on Friday. The company has a 50-day simple moving average of C$14.28 and a 200-day simple moving average of C$14.14. Freehold Royalties has a one year low of C$12.66 and a one year high of C$15.27. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. The stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 16.44, a PEG ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last announced its earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The business had revenue of C$80.06 million during the quarter. On average, analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. CIBC reduced their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. National Bankshares increased their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Raymond James cut their price target on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. BMO Capital Markets set a C$15.00 price target on shares of Freehold Royalties and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Finally, ATB Capital cut their price target on shares of Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$17.75.

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.