Freehold acquires royalty lands and manages royalties. Other market observers say the upside is just starting. Industry experts agree that Freehold benefits from the rising demand for and prices of oil. Holding $6,000 worth of Freehold shares in your TFSA will produce $291.60 annually in tax-free passive income. Tax-Free Savings Account (TFSA) investors should also find this dividend stock attractive. The $1.86 billion oil and gas royalty company pays a lucrative 4.86% dividend. However, if you want a compelling upside while receiving recurring income streams, Freehold Royalties is a better buy. Baytex Energy, Crew Energy, and NuVista Energy are among the names with outsized gains. Most of the top 100 stocks in 2021 are constituents of the energy sector. In the last 20 years, the royalty stock’s total return is 764.18% (11.38% CAGR). The strong buy ratings of market analysts indicate the upward momentum is likely to continue. Also, at $12.62 per share, the royalty stock’s trailing one-year price return has been 204.10%.Ī $10,000 investment in Freehold a year ago would be worth $31,788.41 today. Freehold Royalties (TSX:FRU) extended its year-to-date gain to 152.51%. With the red-hot performance of the energy sector, the share price of one dividend stock could double this month. Besides the jump in oil prices, the passage of the US$1 trillion infrastructure bill in the United States buoyed investors’ sentiment.Ĭanadians with investment appetites can take advantage of the rising market and snag the best deals. The healthcare sector had the most significant percentage advance with +8.03%, although the energy sector continues to lead the way with an 86.06% gain thus far in 2021.
The 21,556,54 closing pushed the index’s year-to-date gain higher to 23.65%. Total volume reached 45.19 million shares. There were no new lows on Monday, but the TSX had 25 new 52-week highs. Written by Christopher Liew, CFA at The Motley Fool CanadaĬanada’s main stock index surged again to start the week of November 8, 2021.
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