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

Freehold Royalties Ltd. (TSE:FRU) announced 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 yield of 7.69%. The ex-dividend date is Friday, November 29th.

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$14.04 on Wednesday. The company’s fifty day moving average is C$13.94 and its two-hundred day moving average is C$13.82. 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 has a market capitalization of C$2.12 billion, a P/E ratio of 14.02, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a one year low of C$12.66 and a one year high of C$14.84.

Analyst Upgrades and Downgrades

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