Freehold Royalties (OTCMKTS:FRHLF) Releases Earnings Results

Freehold Royalties (OTCMKTS:FRHLF) released its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $54.00 million for the quarter. Freehold Royalties had a return on equity of 11.47% and a net margin of 37.26%.

Freehold Royalties Price Performance

OTCMKTS:FRHLF traded up $0.32 during mid-day trading on Friday, reaching $10.47. The stock had a trading volume of 51,905 shares, compared to its average volume of 65,642. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a 50 day moving average price of $9.92 and a two-hundred day moving average price of $9.51. The stock has a market capitalization of $1.72 billion and a P/E ratio of 19.03. Freehold Royalties has a one year low of $7.45 and a one year high of $10.50.

Freehold Royalties Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.0652 per share. The ex-dividend date was Tuesday, September 30th. This is a positive change from Freehold Royalties’s previous dividend of $0.07. This represents a yield of 794.0%. Freehold Royalties’s dividend payout ratio (DPR) is 138.18%.

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.