Freehold Royalties Ltd. (OTCMKTS:FRHLF) to Issue Dividend of $0.06

Freehold Royalties Ltd. (OTCMKTS:FRHLF) declared a dividend on Tuesday, December 24th,investing.com reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.0632 per share on Wednesday, January 15th. This represents a yield of 8.62%. The ex-dividend date of this dividend is Tuesday, December 31st.

Freehold Royalties Trading Up 1.6 %

Shares of OTCMKTS:FRHLF opened at $8.80 on Wednesday. The firm’s 50-day moving average is $9.76 and its two-hundred day moving average is $9.98. Freehold Royalties has a 1 year low of $8.16 and a 1 year high of $11.00.

Analysts Set New Price Targets

Separately, Raymond James assumed coverage on shares of Freehold Royalties in a research note on Friday, October 18th. They set a “market perform” rating and a $16.00 price target on the stock.

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.