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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be given a dividend of 0.09 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, July 31st.

Freehold Royalties Stock Down 1.1%

Shares of Freehold Royalties stock opened at C$16.46 on Wednesday. The business has a fifty day simple moving average of C$16.76 and a 200 day simple moving average of C$16.93. The stock has a market cap of C$2.70 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 30.45. Freehold Royalties has a 12 month low of C$12.94 and a 12 month high of C$18.22.

Freehold Royalties (TSE:FRU) last released its earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share for the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%.The firm had revenue of C$77.82 million for the quarter. Research analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Insider Activity

In other news, insider Bradley Robert Monaco purchased 6,060 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average price of C$16.56 per share, with a total value of C$100,353.60. Following the acquisition, the insider directly owned 6,060 shares of the company’s stock, valued at approximately C$100,353.60. This represents a ∞ increase in their ownership of the stock. 0.45% of the stock is owned by company insiders.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.