Freehold Royalties Ltd. to Issue Monthly Dividend of $0.09 (TSE:FRU)

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) announced a monthly dividend on Thursday, May 30th, TickerTech reports. Investors of record on Monday, June 17th will be given a dividend of 0.09 per share on Monday, June 17th. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Thursday, May 30th.

Freehold Royalties Stock Down 0.3 %

TSE FRU traded down C$0.04 during trading on Wednesday, hitting C$14.01. 689,247 shares of the company traded hands, compared to its average volume of 348,339. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The business has a fifty day simple moving average of C$14.30 and a 200 day simple moving average of C$14.11. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. The company has a market capitalization of C$2.11 billion, a P/E ratio of 15.92, a PEG ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The company had revenue of C$80.06 million for the quarter. As a group, sell-side analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FRU. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the company a "market perform" rating in a research note on Wednesday, March 13th. Desjardins decreased their price objective on Freehold Royalties from C$17.25 to C$17.00 and set a "buy" rating on the stock in a report on Wednesday. Acumen Capital set a C$18.00 price objective on Freehold Royalties in a report on Wednesday. National Bankshares lifted their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the company an "outperform" rating in a report on Friday, April 19th. Finally, CIBC decreased their price objective on Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating on the stock in a report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Freehold Royalties has a consensus rating of "Moderate Buy" and an average price target of C$17.55.

Insider Transactions at Freehold Royalties

In other news, Senior Officer Ian C. Hantke acquired 8,590 shares of Freehold Royalties stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of C$13.91 per share, with a total value of C$119,486.90. 0.40% of the stock is owned by company insiders.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.