Freehold Royalties Announces Attractive Dividend for Shares
Freehold Royalties Declares New Dividend for Shareholders
Freehold Royalties Ltd. is pleased to announce that its Board of Directors has made a significant announcement regarding dividends. The company has declared a dividend of Cdn. $0.09 per common share. This dividend is set to be distributed on August 15 to all shareholders on record as of July 31. This move is poised to enhance shareholder value and reflects Freehold's commitment to returning profits to its investors.
Understanding Dividend Designation
Investors should note that these dividends are classified as “eligible dividends” under Canadian tax regulations. This designation is crucial for shareholders as it may offer certain tax advantages when it comes to income reporting and tax liabilities.
Freehold's Market Position
Freehold Royalties is not just a leading energy royalty company; it operates primarily across North America, boasting around 6.1 million gross acres in Canada and an impressive 1.2 million gross drilling acres in the United States. This extensive landholding allows Freehold to leverage its assets effectively, providing stability and growth potential in a competitive energy market. The company's common shares are traded under the ticker symbol FRU on the Toronto Stock Exchange.
Financial Strength and Investor Confidence
Freehold has built a reputation for stability and strong financial practices. The company's ability to declare dividends is a testament to its solid business model and strategic asset management. Investors can feel confident in the financial strength of Freehold, which continuously seeks opportunities to optimize its property portfolio and maximize shareholder returns.
Investor Relations Contacts
For shareholders looking to engage with Freehold Royalties, the investor relations team is available to provide insights and address any inquiries. Todd McBride, CPA, CMA, can be reached directly at 403.221.0833 or via email at tmcbride@freeholdroyalties.com. Additionally, Nick Thomson, CFA, is available at 403.221.0874 or through email at nthomson@freeholdroyalties.com.
Engagement with Shareholders
Freehold Royalties places great emphasis on transparency and communication with its investors. The company’s website, www.freeholdroyalties.com, is a valuable resource for annual reports, financial statements, and corporate developments. By maintaining a close relationship with shareholders, Freehold aims to foster trust and enhance its corporate governance practices.
Frequently Asked Questions
What is the declared dividend amount for July?
The declared dividend amount is Cdn. $0.09 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on August 15.
Who is eligible to receive the dividend?
Shareholders on record as of July 31 will be eligible to receive the dividend.
How is the dividend classified for tax purposes?
The dividend is designated as an “eligible dividend” under Canadian income tax regulations.
Where can I learn more about Freehold Royalties Ltd.?
You can find additional information on the company's official website at www.freeholdroyalties.com.
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