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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Thursday, October 17th, TickerTech reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Thursday, October 31st.

Freehold Royalties Price Performance

Freehold Royalties stock opened at C$13.83 on Wednesday. The stock has a market capitalization of C$2.08 billion, a P/E ratio of 13.83, a P/E/G ratio of -0.92 and a beta of 1.93. The company’s fifty day moving average price is C$13.79 and its 200 day moving average price is C$13.91. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.06.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group cut their price target on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$17.35.

About Freehold Royalties

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.