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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.09 per share on Tuesday, February 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date is Friday, January 31st.

Freehold Royalties Stock Down 0.4 %

TSE FRU opened at C$12.62 on Wednesday. The stock has a market cap of C$1.90 billion, a PE ratio of 12.62, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a fifty-two week low of C$12.19 and a fifty-two week high of C$14.84. The business has a 50 day moving average price of C$13.25 and a two-hundred day moving average price of C$13.62. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. As a group, sell-side analysts predict that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FRU has been the subject of several research analyst reports. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Canaccord Genuity Group dropped their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. CIBC set a C$16.00 target price on Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James raised Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Freehold Royalties has a consensus rating of “Moderate Buy” and a consensus target price of C$17.00.

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.