Freehold Royalties Ltd. to Issue Monthly Dividend of $0.09 (TSE:FRU)

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.09 per share on Wednesday, January 15th. This represents a $1.08 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend is Tuesday, December 31st.

Freehold Royalties Stock Performance

Shares of TSE FRU opened at C$12.68 on Friday. Freehold Royalties has a 12-month low of C$12.19 and a 12-month high of C$14.84. The company has a market cap of C$1.91 billion, a PE ratio of 12.68, a P/E/G ratio of -0.92 and a beta of 1.93. The stock has a 50 day simple moving average of C$13.60 and a 200-day simple moving average of C$13.73. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FRU. Raymond James upgraded Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Freehold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.28.

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.