Freehold Royalties Ltd T.FRU

Dividend Confirmed = NR :>)

[TimeBuilder]

Freehold Royalties Ltd. Declares Dividend for February 2021

GlobeNewswire - Thu Feb 11, 4:00PM CST

 

Freehold Royalties Ltd. (Freehold) (TSX:FRU.TO) announces that its Board of Directors has declared a dividend of Cdn. $0.02 per common share to be paid on March 15, 2021 to shareholders of record on February 28, 2021.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.

Freehold's focus is on acquiring and managing oil and gas royalties. Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

[rustyblades]

The press release I'm waiting for is the one announcing a 50% increase in the dividend from 24 cents to 36 cents per annum starting with the April or May payment. With oil prices where they are they may even bump it to 42 or 48 cents per annum. Less than 3 weeks to Q4 and annual reports.

[summitking]

I think a 50% dividend hike would be very disappointing.  I see at a minimum a 100% dividend hike and potentially even more.  A 100% hike still won't get them to their self imposed minimum payout ratio of 60%.  I really wouldn't be surprised at a 150%, although 100% this quarter and another 50% the quarter after may be more likely. 

[Franman184]

I agree. Based on 2020 we should get the 2020 year results and guidance for 2021 sometime ealy in March. I think you could expect as well about a 25 to 30 percent pop in the share price on a doubling of the dividend. GLTA share holders.

[1condor]

You do realize that this stock is one of the most conservative royalty plays on the planet. Talking about 100 to 150 percent divvy increase is ridiculous..the Board will never go that high. Now, there will be a divvy increase more likely in the line of 20 to 30 percent at most. On another note congrats on having the stock climb out of the gutter over the last several months...but still not a fan

[summitking]

Sounds like you were burnt on this one, sorry to hear that.  They were $0.0525/month pre-pandemic.  Oil prices are higher than they were then and a 100% increase would get it to $0.04/month.  There is other great options out there in the space but they all have much higher valuations.  I guess I'm ridiculous but I still see a 100% increase...

[1condor]

summitking....not a chance. Period.

[malx1]

Looking at US and Saudi inventories, Texas freeze, vaccine admin rates; I think we've got a $60 floor and heading higher.  Summitking calling for $0.04 monthly could happen within 12 months. Not arguing, just seeing the macro picture here for O&G is getting more bullish by the week.

[savyinvestor333]

Freehold Royalties Ltd. (FRU-T) C$5.58 TD Now Forecasting FRU to Double Dividend at ~US$50/bbl WTI Event TD Forecasting Material Dividend Increase Impact: POSITIVE Previous Sharp Dividend Cut Prudent at the Time: During the height of the COVID-19-related collapse in oil prices, Freehold reduced its monthly dividend to $0.015/share (from $0.0525/share). In our view, this was a

[summitking]

Thanks Savvy, do you happen to know the date the TD report was published?  I'm thinking commodities have firmed up a lot since then...

[savyinvestor333]

I believe it was Jan 12 2021

[seriousinvest]

Would you provide a list of those better choices

[1condor]

summitking...I guess you are disappointed? I warned you and others here that your big divvy hike predictions were ridiculous.The divvy hike is 50 percent...not the 100+ you and many were "hoping" for. Remember this is FRU you are dealing with....the most conservative board you will ever meet. Plus those earnings were horrible....which I suppose were expected.

[CalgaryInvestor]

Why would you say earnings are bad? Genuinely curious I've been following FRU for a while. I own PSK but haven't bought in yet

[felix10]

summitking...I guess you are disappointed? I warned you and others here that your big divvy hike predictions were ridiculous.The divvy hike is 50 percent...not the 100+ you and many were "hoping" for. Remember this is FRU you are dealing with....the most conservative board you will ever meet. Plus those earnings were horrible....which I suppose were expected. Actually, with the latest

[summitking]

Yes absolutely disappointed.  My take is why have a self mandated payout ratio guidance if they don't follow it?  100% would have still been conservative from a payout ratio perspective.  You are right, I was worried about rumours regarding this new President being too pedestrian and it seems they were right.  I either see a decent acquisition coming and/or another penny

[savyinvestor333]

I would rather they keep a sustainable dividend instead of having to cut the divident when the price of oil drops 10% and then the share price drops 40%

[summitking]

My guess is they could have bumped to 4 cents and on a $50 price deck still have been below a 50% payout ratio.  Still very conservative with a ton of wiggle room.