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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.09 per share on Tuesday, October 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Friday, September 27th.

Freehold Royalties Stock Up 1.5 %

FRU stock traded up C$0.20 during trading on Friday, reaching C$13.43. 665,348 shares of the company traded hands, compared to its average volume of 398,674. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The business has a 50 day simple moving average of C$13.69 and a 200 day simple moving average of C$13.92. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of -0.92 and a beta of 1.94. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. The company had revenue of C$84.50 million for the quarter. On average, equities research analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their price target on Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.45.

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.