Freehold Royalties Ltd. (FRU) To Go Ex-Dividend on February 28th

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.09 per share on Monday, March 17th. This represents a $1.08 annualized dividend and a dividend yield of 8.52%. The ex-dividend date is Friday, February 28th.

Freehold Royalties Price Performance

Shares of Freehold Royalties stock traded up C$0.09 during trading hours on Wednesday, reaching C$12.67. The stock had a trading volume of 172,889 shares, compared to its average volume of 702,546. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The stock’s 50 day moving average is C$12.84 and its 200 day moving average is C$13.46. The firm has a market capitalization of C$1.90 billion, a PE ratio of 14.36, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a twelve month low of C$12.06 and a twelve month high of C$14.84.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. National Bankshares increased their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a “neutral” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.71.

Freehold Royalties Company Profile

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.