Freehold Royalties Ltd (FRU) to Issue $0.05 Monthly Dividend
Freehold Royalties Ltd (TSE:FRU) declared a monthly dividend on Wednesday, December 13th, Zacks reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.05 per share on Monday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, December 28th.
Freehold Royalties (TSE:FRU) traded down C$0.13 during midday trading on Friday, hitting C$14.04. 189,900 shares of the stock traded hands, compared to its average volume of 264,066. Freehold Royalties has a 1-year low of C$11.96 and a 1-year high of C$16.41. The firm has a market cap of $1,660.00, a price-to-earnings ratio of 73.89 and a beta of 0.45.
Several research firms have recently commented on FRU. Barclays lifted their price target on shares of Freehold Royalties from C$14.00 to C$15.00 in a report on Monday, October 30th. Eight Capital decreased their price target on shares of Freehold Royalties from C$17.75 to C$17.50 in a report on Monday, November 13th. Canaccord Genuity lifted their price target on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Monday, November 13th. National Bank Financial lifted their price target on shares of Freehold Royalties from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, CIBC lifted their price target on shares of Freehold Royalties from C$16.50 to C$17.50 in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$16.83.
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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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