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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.09 per share on Tuesday, February 18th. This represents a $1.08 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Friday, January 31st.

Freehold Royalties Price Performance

Shares of TSE FRU traded up C$0.05 during trading on Wednesday, hitting C$12.67. The company had a trading volume of 86,866 shares, compared to its average volume of 743,753. The firm has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock has a fifty day simple moving average of C$13.25 and a two-hundred day simple moving average of C$13.62. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. Freehold Royalties has a fifty-two week low of C$12.19 and a fifty-two week high of C$14.84.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. On average, research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on FRU. Canaccord Genuity Group reduced their price objective on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, CIBC set a C$16.00 price objective on Freehold Royalties and gave the stock a “neutral” rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Moderate Buy” and an average price target of C$17.00.

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.