Freehold Royalties Ltd (TSE:FRU) Declares $0.05 Monthly Dividend
Freehold Royalties Ltd (TSE:FRU) announced a monthly dividend on Friday, July 14th, Zacks reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.05 per share on Tuesday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Thursday, July 27th.
Freehold Royalties (FRU) traded up 0.51% during midday trading on Friday, hitting $13.88. The stock had a trading volume of 158,801 shares. The stock has a market cap of $1.64 billion and a PE ratio of 355.90. Freehold Royalties has a one year low of $10.61 and a one year high of $15.16. The firm has a 50 day moving average price of $12.94 and a 200 day moving average price of $13.40.
FRU has been the topic of several research reports. TD Securities upped their price target on Freehold Royalties from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Thursday, May 11th. Raymond James Financial, Inc. boosted their target price on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$16.64.
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About Freehold Royalties
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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