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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Tuesday, April 16th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date is Monday, April 29th.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$14.25 on Thursday. The company has a 50-day moving average price of C$14.19 and a two-hundred day moving average price of C$14.14. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$15.27. The firm has a market capitalization of C$2.15 billion, a PE ratio of 16.19, a P/E/G ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. The company had revenue of C$80.06 million during the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. Equities analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. ATB Capital reduced their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. CIBC dropped their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. National Bankshares dropped their target price on shares of Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Finally, Canaccord Genuity Group dropped their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$17.64.

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.