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

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

Freehold Royalties Trading Down 0.3 %

TSE FRU opened at C$14.25 on Thursday. Freehold Royalties has a 12-month low of C$12.66 and a 12-month high of C$15.27. The company has a fifty day simple moving average of C$14.19 and a two-hundred day simple moving average of C$14.14. 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 has a market cap of C$2.15 billion, a P/E ratio of 16.19, a P/E/G ratio of -0.92 and a beta of 2.01.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FRU shares. Raymond James cut their price objective on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. Canaccord Genuity Group reduced their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday. ATB Capital decreased their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. CIBC cut their price objective on shares of 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. Finally, BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$17.64.

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.