Freehold Royalties Ltd. (FRU) to Issue Monthly Dividend of $0.09 on June 17th

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Monday, May 6th, TickerTech reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.09 per share on Monday, June 17th. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Friday, May 31st.

Freehold Royalties Stock Performance

TSE FRU traded down C$0.04 during trading on Wednesday, reaching C$14.01. The company’s stock had a trading volume of 689,247 shares, compared to its average volume of 348,339. The firm has a 50 day moving average price of C$14.30 and a 200 day moving average price of C$14.11. 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 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. The firm has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The company had revenue of C$80.06 million during the quarter. As a group, equities analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Ian C. Hantke acquired 8,590 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of C$13.91 per share, for a total transaction of C$119,486.90. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FRU shares. National Bankshares lifted their target price on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Acumen Capital set a C$18.00 price objective on Freehold Royalties in a research note on Wednesday. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Raymond James lowered their target price on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, Desjardins lowered their target price on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$17.55.

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.