Freehold Royalty Trust - Symbol: FRU.un on the TSX
My 12 month target is CDN $16.00 /unit
Freehold Royalty Trust is roughly 65% weighted to oil, which will protect it from variation in natural gas prices.
It has a Low level of foreign ownership and a strong balance sheet.
Its presently trading at $15.39 per unit. It pays a $0.15 distribution per month ($1.80 per year) which results in a yield of 11.70%.
You won't get rich with this one but you won't go broke either.
The Yield fits nicely into our investing for income strategy. I feel this is a buy and hold type of security.
I don't own any units at this time.
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