Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.52 and traded as low as $10.18. Freehold Royalties shares last traded at $10.24, with a volume of 15,427 shares trading hands.
Freehold Royalties Price Performance
The business has a 50-day moving average price of $10.52 and a two-hundred day moving average price of $10.42.
Freehold Royalties Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.0651 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 7.58%. Freehold Royalties’s dividend payout ratio is currently 181.76%.
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.
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