Freehold Royalties Ltd. (TSE:FRU – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$17.10 and traded as high as C$17.79. Freehold Royalties shares last traded at C$17.71, with a volume of 360,850 shares trading hands.
Freehold Royalties Trading Up 0.8%
The company has a quick ratio of 1.50, a current ratio of 1.80 and a debt-to-equity ratio of 28.05. The company has a market cap of C$2.90 billion, a P/E ratio of 20.79, a P/E/G ratio of -0.92 and a beta of 0.76. The business has a 50-day moving average price of C$17.31 and a two-hundred day moving average price of C$17.10.
Freehold Royalties (TSE:FRU – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.34 earnings per share for the quarter. The company had revenue of C$100.29 million for the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. On average, analysts predict that Freehold Royalties Ltd. will post 0.76 EPS for the current year.
Freehold Royalties Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, October 30th. Freehold Royalties’s dividend payout ratio is 127.06%.
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.
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