Freehold Royalties Ltd. (TSE:FRU) to Issue Monthly Dividend of $0.09

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.09 per share on Tuesday, February 18th. This represents a $1.08 annualized dividend and a yield of 8.56%. The ex-dividend date is Friday, January 31st.

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$12.62 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The business’s 50 day moving average price is C$13.25 and its two-hundred day moving average price is C$13.62. The company has a market cap of C$1.90 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. Freehold Royalties has a twelve month low of C$12.19 and a twelve month high of C$14.84.

Freehold Royalties (TSE:FRU) last announced its earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. On average, analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Analyst Upgrades and Downgrades

FRU has been the subject of several recent research reports. CIBC set a C$16.00 price target on Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Canaccord Genuity Group decreased their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Raymond James raised Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets upgraded shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.00.

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.