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

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

Freehold Royalties Stock Up 0.2 %

TSE:FRU traded up C$0.03 on Friday, hitting C$12.68. The stock had a trading volume of 859,799 shares, compared to its average volume of 493,690. Freehold Royalties has a 1 year low of C$12.19 and a 1 year high of C$14.84. The firm’s fifty day simple moving average is C$13.60 and its two-hundred day simple moving average is C$13.73. 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 stock has a market cap of C$1.91 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Analyst Upgrades and Downgrades

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

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.