Freehold Royalties Ltd. (TSE:FRU - Get Free Report) announced a apr 25 dividend on Wednesday, April 30th, RTT News reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.09 per share on Thursday, May 15th. This represents a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, April 30th.
Freehold Royalties Trading Up 1.2 %
Shares of Freehold Royalties stock traded up C$0.14 on Friday, reaching C$11.77. The company had a trading volume of 779,994 shares, compared to its average volume of 730,178. The firm's 50-day moving average price is C$12.29 and its two-hundred day moving average price is C$13.06. Freehold Royalties has a 1 year low of C$10.53 and a 1 year high of C$14.62. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.
Wall Street Analyst Weigh In
A number of research firms have weighed in on FRU. National Bankshares boosted their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. CIBC decreased their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Raymond James cut their target price on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Desjardins lowered Freehold Royalties from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$15.00 to C$14.25 in a research note on Tuesday, April 15th. Finally, Scotiabank raised Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$16.04.
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Freehold Royalties Company Profile
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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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