Raymond James began coverage on shares of Freehold Royalties (OTCMKTS:FRHLF – Free Report) in a report released on Friday morning, Benzinga reports. The firm issued a market perform rating and a $16.00 price target on the stock.
Freehold Royalties Trading Down 0.4 %
Shares of OTCMKTS:FRHLF opened at $10.11 on Friday. The business’s fifty day moving average price is $10.16 and its two-hundred day moving average price is $10.16. Freehold Royalties has a fifty-two week low of $9.30 and a fifty-two week high of $11.08.
Freehold Royalties Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.0662 dividend. This is a positive change from Freehold Royalties’s previous dividend of $0.07. The ex-dividend date was Monday, September 30th. This represents a dividend yield of 7.43%. Freehold Royalties’s dividend payout ratio is presently 181.76%.
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.
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