Freehold Royalties Ltd (FRU) Raises Dividend to $0.05 Per Share

Freehold Royalties Ltd (TSE:FRU) announced a monthly dividend on Wednesday, March 29th. Shareholders of record on Monday, April 17th will be given a dividend of 0.05 per share on Monday, April 17th. This represents a $0.60 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, March 29th. This is a positive change from Freehold Royalties’s previous monthly dividend of $0.04.

Freehold Royalties (TSE:FRU) traded up 0.22% during midday trading on Thursday, reaching $13.88. 234,448 shares of the company’s stock traded hands. Freehold Royalties has a 1-year low of $10.61 and a 1-year high of $15.16. The company’s market capitalization is $1.64 billion. The firm’s 50 day moving average price is $13.72 and its 200-day moving average price is $13.36.

Dividend History for Freehold Royalties (TSE:FRU)

A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Freehold Royalties from C$16.00 to C$19.00 in a research report on Wednesday, December 21st. Raymond James Financial, Inc. raised their price objective on shares of Freehold Royalties from C$15.00 to C$15.50 and gave the company a “market perform” rating in a research report on Friday, March 3rd. National Bank Financial raised their price objective on shares of Freehold Royalties from C$17.00 to C$17.50 in a research report on Friday, March 3rd. Desjardins raised their price objective on shares of Freehold Royalties from C$15.00 to C$15.50 and gave the company a “hold” rating in a research report on Friday, March 3rd. Finally, TD Securities raised their price objective on shares of Freehold Royalties from C$17.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$16.50.

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In other news, Director Tom Mullane bought 7,400 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was bought at an average cost of C$13.10 per share, for a total transaction of C$96,940.00. Also, insider Karen C. Taylor sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of C$13.06, for a total transaction of C$32,650.00.

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.

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