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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Monday, August 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.09 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, August 31st.

Freehold Royalties Stock Performance

Shares of FRU opened at C$17.58 on Friday. The company’s 50 day simple moving average is C$16.82 and its 200-day simple moving average is C$17.14. The firm has a market cap of C$2.88 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. Freehold Royalties has a 12-month low of C$13.08 and a 12-month high of C$18.22. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 28.05.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.34 EPS for the quarter. The firm had revenue of C$100.29 million during the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. As a group, equities analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.