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

Key Points

• Freehold Royalties Ltd. announced a monthly dividend of $0.09 per share, with an annualized yield of 8.1%, payable on September 15th to shareholders of record.
• The company has a market capitalization of C$2.01 billion and a P/E ratio of 15.16, indicating strong financial performance.
• Insider transactions show confidence in the company, with senior officers purchasing a total of 44,350 shares over the last three months, valued at approximately $559,334.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) declared a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.09 per share on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, August 29th.

Freehold Royalties Stock Down 0.8%

FRU stock traded down C$0.11 during midday trading on Monday, hitting C$13.38. 278,841 shares of the company's stock were exchanged, compared to its average volume of 686,328. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$14.62. The firm has a 50 day moving average price of C$13.13 and a 200-day moving average price of C$12.56. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of -0.92 and a beta of 0.64.

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.