Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on September 16th

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Wednesday, July 31st, TickerTech reports. Investors of record on Friday, August 30th will be paid a dividend of 0.09 per share on Monday, September 16th. This represents a $1.08 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend is Friday, August 30th.

Freehold Royalties Stock Down 2.9 %

TSE FRU traded down C$0.40 during trading on Friday, hitting C$13.30. 1,078,191 shares of the company traded hands, compared to its average volume of 386,635. The company has a market capitalization of C$2.00 billion, a P/E ratio of 15.22, a PEG ratio of -0.92 and a beta of 2.00. The business has a fifty day simple moving average of C$13.85 and a 200 day simple moving average of C$13.99. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The company has a current ratio of 1.36, a quick ratio of 1.50 and a debt-to-equity ratio of 24.39.

Freehold Royalties (TSE:FRU) last released its earnings results on Monday, May 6th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a return on equity of 14.40% and a net margin of 43.19%. The business had revenue of C$74.27 million for the quarter. As a group, sell-side analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Scotiabank cut their target price on shares of Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th. Desjardins cut their target price on shares of Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Acumen Capital set a C$18.00 price objective on shares of Freehold Royalties in a research report on Wednesday, May 8th. National Bankshares boosted their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Finally, Canaccord Genuity Group dropped their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.45.

Insiders Place Their Bets

In other news, Senior Officer David Michael Spyker purchased 20,000 shares of Freehold Royalties stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of C$13.80 per share, for a total transaction of C$276,000.00. In related news, Senior Officer Ian C. Hantke bought 8,590 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of C$13.91 per share, for a total transaction of C$119,486.90. Also, Senior Officer David Michael Spyker bought 20,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was bought at an average price of C$13.80 per share, for a total transaction of C$276,000.00. Company insiders own 0.45% of the company’s stock.

Freehold Royalties Company Profile

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.