Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on February 18th

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.09 per share on Tuesday, February 18th. This represents a $1.08 annualized dividend and a yield of 8.56%. The ex-dividend date of this dividend is Friday, January 31st.

Freehold Royalties Stock Performance

Freehold Royalties stock opened at C$12.61 on Wednesday. Freehold Royalties has a 52 week low of C$12.19 and a 52 week high of C$14.84. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The stock has a market cap of C$1.90 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock has a 50 day moving average of C$13.25 and a 200-day moving average of C$13.62.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. On average, analysts expect that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Raymond James upgraded Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group reduced their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.00.

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.