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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.09 per share on Wednesday, January 15th. This represents a $1.08 annualized dividend and a yield of 8.52%. The ex-dividend date is Tuesday, December 31st.

Freehold Royalties Stock Up 0.2 %

Freehold Royalties stock opened at C$12.68 on Friday. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. Freehold Royalties has a 52-week low of C$12.19 and a 52-week high of C$14.84. The firm has a 50 day moving average price of C$13.60 and a two-hundred day moving average price of C$13.73. The firm has a market cap of C$1.91 billion, a price-to-earnings ratio of 12.68, a PEG ratio of -0.92 and a beta of 1.93.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FRU shares. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Atb Cap Markets lowered shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. BMO Capital Markets upgraded shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Canaccord Genuity Group lowered their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Freehold Royalties presently has a consensus rating of “Moderate Buy” and an average price target of C$17.28.

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.