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

Key Points

• Freehold declared a monthly dividend of C$0.09 per share, payable to shareholders of record on May 15 with an ex-dividend date of April 30, implying an annualized yield of 6.2%.
• Key financials: market capitalization C$2.87 billion and a P/E of 31.21; in the most recent quarter the company reported C$0.31 EPS on C$69.76 million of revenue with a net margin of about 29.3%, and analysts forecast roughly 0.758 EPS for the year.
• Freehold is an oil-and-gas royalties company operating in Canada and the U.S. (Permian, Eagle Ford, Haynesville, Bakken), with the majority of its revenue generated from its Canadian operations.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Stockholders of record on Friday, May 15th will be given a dividend of 0.09 per share on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, April 30th.

Freehold Royalties Price Performance

FRU opened at C$17.48 on Tuesday. The company has a market capitalization of C$2.87 billion, a price-to-earnings ratio of 31.21, a PEG ratio of -0.92 and a beta of 0.55. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 28.51. The firm has a 50-day moving average price of C$17.34 and a 200-day moving average price of C$15.88. Freehold Royalties has a twelve month low of C$11.10 and a twelve month high of C$18.22.

Freehold Royalties (TSE:FRU - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$69.76 million during the quarter. Freehold Royalties had a net margin of 29.28% and a return on equity of 8.82%. Equities analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.

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. The majority of its revenue is generated from Canada Segment.

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