Shares of Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Free Report) traded up 0.4% during mid-day trading on Tuesday . The company traded as high as $9.24 and last traded at $9.23. 23,234 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 28,242 shares. The stock had previously closed at $9.19.
Wall Street Analyst Weigh In
Separately, Raymond James started coverage on Freehold Royalties in a research note on Friday, October 18th. They set a “market perform” rating and a $16.00 target price for the company.
Get Our Latest Report on FRHLF
Freehold Royalties Stock Up 0.4 %
Freehold Royalties Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be issued a dividend of $0.0632 per share. This represents a yield of 8.62%. The ex-dividend date of this dividend is Tuesday, December 31st. Freehold Royalties’s payout ratio is 181.76%.
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.
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