Freehold Royalties Announces Upcoming Dividend Payment Details
Freehold Royalties Ltd. Dividend Announcement
Freehold Royalties Ltd. (TSX: FRU) is making waves in the energy sector as it announces an important dividend for investors. The Board of Directors has confirmed a dividend of Cdn. $0.09 per common share, set to be distributed on November 15 of this year. Shareholders are eagerly anticipating this payment, which will reward those who are shareholders of record as of October 31.
Understanding Dividend Eligibility
The dividends declared by Freehold are categorized as "eligible dividends" for Canadian income tax purposes. This designation is vital for investors, as it may provide certain tax advantages, making Freehold's stocks an attractive option for those looking for income-generating investments.
Freehold's Position in the Energy Market
Freehold Royalties stands out as a prominent player in the North American energy market. With a vast portfolio, the company manages approximately 6.2 million gross acres in Canada and around 1.1 million gross drilling acres in the United States. This extensive reach not only enhances Freehold's influence in the industry but also assures shareholders of a steady stream of income.
Shareholder Value and Growth Strategy
Freehold's ability to declare dividends stems from its strategic focus and robust growth within the energy sector. By maximizing the value of their assets and capitalizing on market trends, Freehold Royalties continues to demonstrate its commitment to delivering value to shareholders. The company's operational strategies ensure that it remains well-positioned to navigate the dynamic energy landscape.
Company Contact Information
For those interested in more details or wanting to engage with the company, Freehold Royalties has provided several contact points. Rob King serves as the Chief Operating Officer, and Todd McBride is responsible for Investor Relations and Capital Markets. You can reach Rob at 403.384.0797 or via email at rking@freeholdroyalties.com. For inquiries related to investor relations, Todd McBride can be contacted at 403.221.0833 or at tmcbride@freeholdroyalties.com. Both professionals are dedicated to providing the best possible support to investors.
Frequently Asked Questions
What is the amount of the declared dividend by Freehold Royalties?
The declared dividend amount is Cdn. $0.09 per common share.
When will the dividend be paid to shareholders?
The dividend will be paid on November 15 of the current year.
Who is eligible to receive the dividend?
Shareholders of record as of October 31 are eligible to receive the dividend.
What does "eligible dividends" mean for taxation?
"Eligible dividends" may offer tax benefits to shareholders under Canadian tax laws, potentially reducing tax liabilities on dividend income.
How can investors learn more about Freehold Royalties?
Investors can reach out via the contact information provided or visit Freehold's website for more insights and updates.
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