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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Tuesday, April 16th, TickerTech reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 annualized dividend and a dividend yield of 7.58%. The ex-dividend date of this dividend is Monday, April 29th.

Freehold Royalties Trading Down 0.3 %

Shares of TSE FRU opened at C$14.25 on Thursday. The company has a market cap of C$2.15 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01. Freehold Royalties has a 12-month low of C$12.66 and a 12-month high of C$15.27. 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 stock’s 50 day simple moving average is C$14.19 and its 200 day simple moving average is C$14.14.

Freehold Royalties (TSE:FRU) last announced its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. The firm had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. Equities research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James cut their target price on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares dropped their price objective on Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a C$15.00 price objective on Freehold Royalties and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. ATB Capital dropped their price objective on Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. Finally, CIBC dropped their price objective on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.64.

About Freehold Royalties

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.