Freehold Royalties Ltd. Announces Quarterly Dividend of $0.09 (TSE:FRU)

Key Points

• Freehold Royalties Ltd. announced a quarterly dividend of $0.09 per share, set to be paid on October 15th to stockholders of record on September 30th, resulting in an annualized dividend yield of 2.7%.
• As of the latest trading session, shares of Freehold Royalties have increased by 0.1% to C$13.40, with a market capitalization of C$2.20 billion.
• Insider transactions include a recent acquisition of 12,350 shares valued at $159,349 by corporate insiders in the last 90 days, indicating confidence in the company's future performance.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.09 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.7%.

Freehold Royalties Stock Up 0.1%

Shares of TSE FRU traded up C$0.02 during mid-day trading on Monday, hitting C$13.40. The company had a trading volume of 501,419 shares, compared to its average volume of 674,789. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.62. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The company has a market capitalization of C$2.20 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of -0.92 and a beta of 0.63. The business's 50-day simple moving average is C$13.23 and its 200 day simple moving average is C$12.60.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, Senior Officer Susan Nagy acquired 2,350 shares of the stock in a transaction on Friday, June 27th. The shares were bought at an average price of C$12.84 per share, with a total value of C$30,174.00. Also, Director Kimberley Elizabeth Lynch Proctor acquired 6,000 shares of the stock in a transaction on Monday, June 23rd. The stock was acquired at an average cost of C$12.97 per share, for a total transaction of C$77,820.00. In the last 90 days, insiders have acquired 12,350 shares of company stock valued at $159,349. 0.45% of the stock is owned by corporate insiders.

About Freehold Royalties

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.

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