Freehold Royalties Ltd (TSE:FRU) declared a monthly dividend on Wednesday, December 13th, Zacks reports. Stockholders of record on Sunday, December 31st will be paid 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.

Shares of Freehold Royalties (TSE:FRU) traded down C$0.13 during trading on Friday, hitting C$14.04. The stock had a trading volume of 189,900 shares, compared to its average volume of 264,066. The company has a market cap of $1,660.00, a price-to-earnings ratio of 73.89 and a beta of 0.45. Freehold Royalties has a 12-month low of C$11.96 and a 12-month high of C$16.41.

Several brokerages have recently commented on FRU. CIBC increased their price objective on Freehold Royalties from C$16.50 to C$17.50 in a research report on Tuesday, October 17th. Canaccord Genuity increased their price objective on Freehold Royalties from C$16.00 to C$17.00 in a research report on Monday, November 13th. Barclays increased their price objective on Freehold Royalties from C$14.00 to C$15.00 in a research report on Monday, October 30th. Raymond James Financial increased their price objective on Freehold Royalties from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, National Bank Financial increased their price objective on Freehold Royalties from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$16.83.

WARNING: This report was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://theolympiareport.com/2017/12/23/freehold-royalties-ltd-fru-plans-monthly-dividend-of-0-05.html.

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.

Dividend History for Freehold Royalties (TSE:FRU)

Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.