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

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Tuesday, April 16th, TickerTech reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend is Monday, April 29th.

Freehold Royalties Stock Up 1.3 %

Shares of Freehold Royalties stock opened at C$14.47 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.27. The stock has a 50-day moving average price of C$14.28 and a 200 day moving average price of C$14.14. The company has a market cap of C$2.18 billion, a P/E ratio of 16.44, a P/E/G ratio of -0.92 and a beta of 2.01.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. ATB Capital decreased their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. Canaccord Genuity Group reduced their price objective on 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. National Bankshares upped their target price on 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. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Finally, Raymond James lowered their price target on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research note on Friday, January 19th. Three equities 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of C$17.75.

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.