Freehold Royalties Ltd (FRU) to Issue Monthly Dividend of $0.05 on January 15th
Freehold Royalties Ltd (TSE:FRU) announced a monthly dividend on Wednesday, December 13th, Zacks reports. Investors of record on Sunday, December 31st will be paid a dividend of 0.05 per share on Monday, January 15th. This represents a $0.60 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Thursday, December 28th.
Shares of Freehold Royalties (TSE:FRU) traded down C$0.13 on Wednesday, reaching C$14.04. The company had a trading volume of 189,871 shares, compared to its average volume of 232,890. The company has a market capitalization of $1,660.00, a P/E ratio of 73.89 and a beta of 0.45. Freehold Royalties has a 12 month low of C$11.96 and a 12 month high of C$16.41.
A number of analysts recently issued reports on FRU shares. Barclays raised their price target on Freehold Royalties from C$14.00 to C$15.00 in a research report on Monday, October 30th. Canaccord Genuity lifted their target price on Freehold Royalties from C$16.00 to C$17.00 in a research report on Monday, November 13th. Eight Capital decreased their target price on Freehold Royalties from C$17.75 to C$17.50 in a research report on Monday, November 13th. Raymond James Financial lifted their target price on Freehold Royalties from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, CIBC lifted their target price on Freehold Royalties from C$16.50 to C$17.50 in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$16.83.
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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