Freehold Royalties Ltd. (TSE:FRU) Shareholders to Receive $0.09 Monthly Dividend

by · The Markets Daily

Freehold Royalties Ltd. (TSE:FRU – Get Free Report) announced a monthly dividend on Tuesday, September 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.09 per share on Thursday, October 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 29th.

Freehold Royalties Stock Down 0.1%

FRU traded down C$0.01 during midday trading on Friday, reaching C$16.82. 385,854 shares of the company were exchanged, compared to its average volume of 664,446. The company has a debt-to-equity ratio of 28.05, a quick ratio of 1.50 and a current ratio of 1.80. The company’s fifty day moving average price is C$17.29 and its 200 day moving average price is C$17.16. The company has a market cap of C$2.76 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of -0.92 and a beta of 0.62. Freehold Royalties has a one year low of C$13.41 and a one year high of C$18.22.

Freehold Royalties (TSE:FRU – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$0.34 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 13.88% and a net margin of 43.54%.The company had revenue of C$100.29 million for the quarter. As a group, analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.

About Freehold Royalties

(Get Free Report)

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.

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