Freehold Royalties (TSE:FRU) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Freehold Royalties Ltd. (TSE:FRU) saw its share price rise above its 200-day moving average, currently trading at C$13.68, which highlights a positive trend in performance.
• The company announced a monthly dividend of $0.09 per share, with an annualized yield of 7.9% and a dividend payout ratio (DPR) of 142.11%, indicating a strong return for investors.
• With a market capitalization of C$2.24 billion and a PE ratio of 18.00, Freehold Royalties is actively involved in the management of oil and gas royalties across Canada and the U.S.

Freehold Royalties Ltd. (TSE:FRU - )'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.80 and traded as high as C$13.78. Freehold Royalties shares last traded at C$13.68, with a volume of 488,201 shares trading hands.

Freehold Royalties Trading Up 0.1%

The stock has a market capitalization of C$2.24 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of -0.92 and a beta of 0.69. The firm has a 50-day moving average price of C$13.52 and a 200-day moving average price of C$12.80. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 7.9%. Freehold Royalties's dividend payout ratio (DPR) is currently 142.11%.

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.

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