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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be given a dividend of 0.09 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, May 29th.

Freehold Royalties Trading Up 0.8%

Freehold Royalties stock opened at C$17.45 on Wednesday. The firm has a 50 day moving average of C$17.38 and a 200 day moving average of C$16.39. The firm has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of -0.92 and a beta of 0.59. Freehold Royalties has a 12-month low of C$12.04 and a 12-month high of C$18.22. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45.

Freehold Royalties (TSE:FRU) last released its earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$77.82 million during the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. As a group, research analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Insider Activity at Freehold Royalties

In other news, insider Colin Strem bought 4,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was purchased at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the transaction, the insider owned 24,000 shares of the company’s stock, valued at C$416,880. The trade was a 20.00% increase in their ownership of the stock. Corporate insiders own 0.45% of the company’s stock.

About Freehold Royalties

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.