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

Key Points

• Freehold Royalties Ltd. has declared a monthly dividend of $0.09 per share, representing a 7.98% annual dividend yield.
• The company has a market cap of C$2.03 billion and recently experienced insider buying, with company officials purchasing a total of 64,850 shares in the last 90 days.
• Analysts have adjusted their price targets for the stock, with a consensus rating of "Hold" and an average target price of C$15.40.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Shareholders of record on Thursday, July 31st will be given a dividend of 0.09 per share on Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, July 31st.

Freehold Royalties Stock Performance

TSE FRU traded down C$0.33 on Friday, hitting C$13.01. 1,057,659 shares of the stock traded hands, compared to its average volume of 711,507. The business's fifty day moving average is C$12.88 and its two-hundred day moving average is C$12.50. Freehold Royalties has a 12 month low of C$10.53 and a 12 month high of C$14.62. The firm has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 14.75, a PEG ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James Financial reduced their price objective on Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. Desjardins decreased their price target on shares of Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, CIBC dropped their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Freehold Royalties currently has a consensus rating of "Hold" and a consensus target price of C$15.40.

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.