Freehold Royalties Ltd. (OTCMKTS:FRHLF) Declares Dividend of $0.06

Freehold Royalties Ltd. (OTCMKTS:FRHLF) declared a dividend on Friday, November 22nd,investing.com reports. Investors of record on Monday, December 2nd will be given a dividend of 0.0649 per share on Monday, December 16th. This represents a dividend yield of 7.61%. The ex-dividend date of this dividend is Friday, November 29th.

Freehold Royalties Price Performance

Shares of OTCMKTS:FRHLF opened at $10.24 on Friday. The company’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $10.07. Freehold Royalties has a 1 year low of $9.30 and a 1 year high of $11.00.

Wall Street Analyst Weigh In

Separately, Raymond James initiated coverage on shares of Freehold Royalties in a report on Friday, October 18th. They issued a “market perform” rating and a $16.00 price objective for the company.

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.