Freehold Royalties Ltd (TSE:FRU) Director Tom Mullane bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were purchased at an average cost of C$8.60 per share, for a total transaction of C$64,500.00.
TSE FRU traded down C$0.10 during trading hours on Friday, hitting C$8.62. 1,064,500 shares of the company were exchanged, compared to its average volume of 303,906. The company has a debt-to-equity ratio of 11.46, a quick ratio of 1.98 and a current ratio of 1.98. Freehold Royalties Ltd has a 52-week low of C$8.42 and a 52-week high of C$15.42.
The business also recently declared a monthly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.0525 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.63 annualized dividend and a yield of 7.31%. Freehold Royalties’s dividend payout ratio (DPR) is 643.75%.
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About Freehold Royalties
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.
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