Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on March 17th

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.09 per share on Monday, March 17th. This represents a $1.08 annualized dividend and a yield of 8.53%. The ex-dividend date is Friday, February 28th.

Freehold Royalties Stock Up 0.6 %

Shares of FRU stock traded up C$0.08 during mid-day trading on Wednesday, reaching C$12.66. 146,189 shares of the company’s stock traded hands, compared to its average volume of 700,996. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The company has a market cap of C$1.90 billion, a P/E ratio of 14.35, a P/E/G ratio of -0.92 and a beta of 1.93. The company’s 50-day moving average price is C$12.84 and its 200-day moving average price is C$13.46. Freehold Royalties has a 12 month low of C$12.06 and a 12 month high of C$14.84.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FRU. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. National Bankshares upped their price target on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.71.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.