Freehold Royalties (OTCMKTS:FRHLF) Issues Quarterly Earnings Results

Freehold Royalties (OTCMKTS:FRHLF) announced its earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04, Zacks reports. Freehold Royalties had a net margin of 37.26% and a return on equity of 11.47%. The business had revenue of $54.00 million for the quarter.

Freehold Royalties Trading Up 3.2%

Shares of OTCMKTS FRHLF traded up $0.33 during trading on Friday, reaching $10.48. The stock had a trading volume of 112,523 shares, compared to its average volume of 66,029. The business’s 50-day moving average price is $9.94 and its 200-day moving average price is $9.52. Freehold Royalties has a fifty-two week low of $7.45 and a fifty-two week high of $10.50. The company has a market cap of $1.72 billion and a P/E ratio of 19.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.70.

Freehold Royalties Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a $0.0652 dividend. The ex-dividend date was Tuesday, September 30th. This represents a dividend yield of 794.0%. This is an increase from Freehold Royalties’s previous dividend of $0.07. Freehold Royalties’s dividend payout ratio (DPR) is currently 138.18%.

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.