Freehold Royalties (TSE:FRU) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Freehold Royalties Ltd. shares have surpassed their 200-day moving average of C$12.71, reaching a high of C$13.98 during trading.
• The company has announced a quarterly dividend of $0.09, set to be paid on October 15th, which translates to an annualized yield of 2.6%.
• Freehold Royalties operates primarily in Canada and the United States, focusing on acquiring and managing oil and gas royalties in several major basins.

Freehold Royalties Ltd. (TSE:FRU - )'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.71 and traded as high as C$13.98. Freehold Royalties shares last traded at C$13.83, with a volume of 513,282 shares.

Freehold Royalties Stock Performance

The firm has a 50 day moving average of C$13.40 and a 200-day moving average of C$12.71. The stock has a market capitalization of C$2.27 billion, a PE ratio of 18.20, a P/E/G ratio of -0.92 and a beta of 0.63. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. Freehold Royalties's dividend payout ratio is currently 142.11%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.