Freehold Royalties Ltd (FRU) to Issue Monthly Dividend of $0.05 on February 15th

Freehold Royalties Ltd (TSE:FRU) declared a monthly dividend on Tuesday, January 30th, TickerTech reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.05 per share on Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 4.21%. The ex-dividend date is Tuesday, January 30th.

Freehold Royalties (TSE FRU) opened at C$14.24 on Monday. Freehold Royalties has a 52-week low of C$11.96 and a 52-week high of C$16.41. The firm has a market cap of $1,680.00, a P/E ratio of 74.95 and a beta of 0.46.

A number of brokerages have issued reports on FRU. Barclays lifted their target price on shares of Freehold Royalties from C$14.00 to C$15.00 in a research note on Monday, October 30th. National Bank Financial lifted their target price on shares of Freehold Royalties from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Canaccord Genuity lifted their target price on shares of Freehold Royalties from C$16.00 to C$17.00 in a research note on Monday, November 13th. Eight Capital decreased their target price on shares of Freehold Royalties from C$17.75 to C$17.50 in a research note on Monday, November 13th. Finally, Raymond James Financial lifted their target price on shares of Freehold Royalties from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$17.00.

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Freehold Royalties Company Profile

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.

Dividend History for Freehold Royalties (TSE:FRU)

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