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

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. Investors of record on Tuesday, September 30th will be given 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 Trading Down 0.6%

Shares of FRU stock traded down C$0.08 on Friday, hitting C$13.54. The stock had a trading volume of 2,689,093 shares, compared to its average volume of 687,651. 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 firm has a market capitalization of C$2.22 billion, a P/E ratio of 17.82, a P/E/G ratio of -0.92 and a beta of 0.63. Freehold Royalties has a 1 year low of C$10.53 and a 1 year high of C$14.62. The company's 50 day moving average price is C$13.30 and its 200-day moving average price is C$12.64.

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.