Freehold Royalties (TSE:FRU) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Freehold Royalties shares exceeded their two hundred day moving average, trading at C$14.12, compared to the average of C$12.76.
• The company announced a quarterly dividend of $0.09, with a yield of 2.5%, to be paid on October 15th to stockholders of record.
• Freehold Royalties has a market cap of C$2.32 billion and a debt-to-equity ratio of 22.91, indicating its financial structure among its peers.

Freehold Royalties Ltd. (TSE:FRU - ) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.76 and traded as high as C$14.13. Freehold Royalties shares last traded at C$14.12, with a volume of 889,881 shares.

Freehold Royalties Trading Up 0.5%

The company has a market cap of C$2.32 billion, a price-to-earnings ratio of 18.58, 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$13.45 and a 200 day moving average price of C$12.76. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be given a $0.09 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.5%. Freehold Royalties's dividend payout ratio (DPR) is presently 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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