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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be paid a dividend of 0.09 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, May 29th.

Freehold Royalties Stock Performance

Shares of Freehold Royalties stock opened at C$17.45 on Wednesday. The company has a debt-to-equity ratio of 30.45, a current ratio of 1.73 and a quick ratio of 1.50. The stock has a market cap of C$2.86 billion, a price-to-earnings ratio of 32.31, a PEG ratio of -0.92 and a beta of 0.59. The firm’s 50-day moving average is C$17.38 and its 200 day moving average is C$16.39. Freehold Royalties has a 1 year low of C$12.04 and a 1 year high of C$18.22.

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

Analysts Set New Price Targets

FRU has been the topic of several research analyst reports. Raymond James Financial cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$17.50 to C$18.00 in a research note on Monday, March 30th. TD Securities lowered their target price on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Royal Bank Of Canada upped their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, April 13th. Finally, Desjardins lowered their target price on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$17.03.

Freehold Royalties Company Profile

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.