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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Thursday, September 12th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.09 per share on Tuesday, October 15th. This represents a $1.08 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend is Friday, September 27th.

Freehold Royalties Price Performance

Freehold Royalties stock opened at C$14.47 on Wednesday. The stock has a market cap of C$2.18 billion, a P/E ratio of 14.47, a P/E/G ratio of -0.92 and a beta of 1.94. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The company’s 50 day moving average price is C$13.73 and its two-hundred day moving average price is C$13.92. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$15.15.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. The business had revenue of C$84.50 million for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. On average, equities analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their price target on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.45.

About Freehold Royalties

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.