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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.09 per share on Monday, December 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date is Friday, November 29th.

Freehold Royalties Stock Performance

Shares of TSE FRU opened at C$14.07 on Thursday. The company has a market cap of C$2.12 billion, a P/E ratio of 14.04, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 52-week low of C$12.66 and a 52-week high of C$14.84. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The firm’s fifty day moving average is C$13.96 and its two-hundred day moving average is C$13.82.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James raised Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group reduced their price objective on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, Atb Cap Markets cut shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.35.

Freehold Royalties Company Profile

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.