Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on February 18th

Freehold Royalties Ltd. (TSE:FRU) announced 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 of this dividend is Friday, January 31st.

Freehold Royalties Stock Up 0.4 %

Shares of TSE FRU traded up C$0.05 during mid-day trading on Wednesday, reaching C$12.67. 86,866 shares of the company were exchanged, compared to its average volume of 743,753. The firm has a 50-day moving average of C$13.25 and a 200 day moving average of C$13.62. Freehold Royalties has a 1 year low of C$12.19 and a 1 year high of C$14.84. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of -0.92 and a beta of 1.93.

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

Analysts Set New Price Targets

FRU has been the subject of several analyst reports. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Canaccord Genuity Group cut their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Three research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.