Freehold Royalties Ltd. (OTCMKTS:FRHLF – Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.94 and traded as low as $8.16. Freehold Royalties shares last traded at $8.35, with a volume of 166,200 shares traded.
Freehold Royalties Stock Performance
The stock’s 50-day moving average is $8.94 and its 200 day moving average is $9.60.
Freehold Royalties Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.0633 per share. This is a positive change from Freehold Royalties’s previous dividend of $0.06. This represents a yield of 8.5%. The ex-dividend date of this dividend is Friday, February 28th. Freehold Royalties’s dividend payout ratio is currently 181.76%.
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.
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