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

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors 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 Price Performance

Freehold Royalties stock opened at C$16.46 on Wednesday. Freehold Royalties has a 1 year low of C$12.94 and a 1 year high of C$18.22. The firm has a 50 day moving average price of C$16.76 and a 200 day moving average price of C$16.93. The company has a market cap of C$2.70 billion, a price-to-earnings ratio of 30.48, a PEG ratio of -0.92 and a beta of 0.59. The company has a debt-to-equity ratio of 30.45, a quick ratio of 1.50 and a current ratio of 1.73.

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

Insider Buying and Selling at Freehold Royalties

In other news, insider Bradley Robert Monaco acquired 6,060 shares of Freehold Royalties stock in a transaction dated Monday, June 22nd. The shares were acquired at an average cost of C$16.56 per share, with a total value of C$100,353.60. Following the purchase, the insider directly owned 6,060 shares of the company’s stock, valued at approximately C$100,353.60. This trade represents a ∞ increase in their position. 0.45% of the stock is owned by corporate 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.