Freehold Royalties Ltd. (FRU) To Go Ex-Dividend on February 25th


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Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Thursday, February 25th, TickerTech reports. Shareholders of record on Monday, March 15th will be given a dividend of 0.02 per share on Monday, March 15th. This represents a $0.24 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, February 25th.

FRU stock opened at C$6.88 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 5.13 and a debt-to-equity ratio of 16.39. Freehold Royalties has a 52-week low of C$2.30 and a 52-week high of C$6.93. The stock’s 50 day moving average is C$5.93 and its two-hundred day moving average is C$4.76. The company has a market capitalization of C$816.97 million and a PE ratio of -98.29.

Several research firms have issued reports on FRU. BMO Capital Markets lifted their price objective on Freehold Royalties from C$5.50 to C$6.00 in a report on Thursday, December 10th. Scotiabank lifted their target price on Freehold Royalties from C$5.50 to C$7.25 in a research report on Thursday, January 14th. CIBC lifted their target price on Freehold Royalties from C$8.00 to C$8.50 in a research report on Thursday, January 28th. Canaccord Genuity lifted their target price on Freehold Royalties from C$8.00 to C$8.50 in a research report on Thursday, January 7th. Finally, Royal Bank of Canada lifted their target price on Freehold Royalties from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 9th.

About Freehold Royalties

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada and the United States. The company holds approximately 6.8 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 44,000 wells and receives royalty from 300 industry operators.

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Dividend History for Freehold Royalties (TSE:FRU)

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