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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Tuesday, April 16th, TickerTech reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date is Monday, April 29th.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$14.47 on Friday. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. The stock has a market cap of C$2.18 billion, a PE ratio of 16.44, a P/E/G ratio of -0.92 and a beta of 2.01. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.27. The stock has a fifty day moving average price of C$14.28 and a 200 day moving average price of C$14.14.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The business had revenue of C$80.06 million during the quarter. Sell-side analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on FRU shares. Canaccord Genuity Group reduced their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. National Bankshares increased their target price on Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Friday, April 19th. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. CIBC reduced their price objective on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, ATB Capital reduced their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Freehold Royalties presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.75.

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.