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) announced a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.09 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, August 29th.

Freehold Royalties Stock Performance

Shares of Freehold Royalties stock opened at C$13.38 on Wednesday. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week 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 firm has a market capitalization of C$2.01 billion, a P/E ratio of 15.16, a P/E/G ratio of -0.92 and a beta of 1.93. The company's 50 day moving average price is C$13.11 and its two-hundred day moving average price is C$12.55.

Insider Activity at Freehold Royalties

In other Freehold Royalties news, Senior Officer Colin Strem bought 4,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was bought at an average cost of C$12.84 per share, with a total value of C$51,354.80. Also, Senior Officer Susan Nagy bought 2,350 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were acquired at an average cost of C$12.84 per share, with a total value of C$30,174.00. Insiders have bought a total of 44,350 shares of company stock worth $559,334 over the last three months. 0.45% of the stock is currently owned by company 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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