Latest news with #FRU
Yahoo
6 days ago
- Business
- Yahoo
Freehold Royalties (TSE:FRU) Is Paying Out A Dividend Of CA$0.09
Freehold Royalties Ltd. (TSE:FRU) has announced that it will pay a dividend of CA$0.09 per share on the 15th of August. This means the annual payment is 8.2% of the current stock price, which is above the average for the industry. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Estimates Indicate Freehold Royalties' Could Struggle to Maintain Dividend Payments In The Future Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before this announcement, Freehold Royalties was paying out 109% of what it was earning, and not generating any free cash flows either. Paying out such a large dividend compared to earnings while also not generating free cash flows is a major warning sign for the sustainability of the dividend as these levels are certainly a bit high. Looking forward, earnings per share is forecast to fall by 22.4% over the next year. If the dividend continues along the path it has been on recently, the payout ratio in 12 months could be 147%, which is definitely a bit high to be sustainable going forward. See our latest analysis for Freehold Royalties Dividend Volatility The company's dividend history has been marked by instability, with at least one cut in the last 10 years. Since 2015, the dividend has gone from CA$1.68 total annually to CA$1.08. Doing the maths, this is a decline of about 4.3% per year. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems. Freehold Royalties Might Find It Hard To Grow Its Dividend Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's encouraging to see that Freehold Royalties has been growing its earnings per share at 102% a year over the past five years. Although earnings per share is up nicely Freehold Royalties is paying out 109% of its earnings as dividends, which we feel is borderline unsustainable without extenuating circumstances. Freehold Royalties' Dividend Doesn't Look Sustainable In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Freehold Royalties' payments, as there could be some issues with sustaining them into the future. While we generally think the level of distributions are a bit high, we wouldn't rule it out as becoming a good dividend payer in the future as its earnings are growing healthily. Overall, we don't think this company has the makings of a good income stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Taking the debate a bit further, we've identified 1 warning sign for Freehold Royalties that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Focus Malaysia
04-07-2025
- Focus Malaysia
Discontent flares up as JPJ slaps express bus passengers with RM300 fine for not buckling up -
THE recent spate of high-profile accidents has put road safety very much at the forefront of public agenda. The crash which claimed nine Federal Reserve Unit (FRU) members involved a lorry driver with previous convictions for drug offences. Then came another heart-wrenching tragedy on June 9 that killed 15 Universiti Putra Sultan Idris (UPSI) students with a number of issues arising from the accident. These include whether the driver was driving dangerously as well cs the road-worthiness of the vehicle. This has led to calls for a black box device and speed limiters being mandatory in all heavy vehicles. So imagine the shock that greeted passengers on express buses when they were handed fines for failing to wear seat belts in Kedah. As reported in the Harian Metro, the Kedah Road Transport Department (JPJ) issued compounds to 16 express and tour bus passengers for failing to wear seat belts during an enforcement operation on July 1. Undercover RTD personnel were deployed on board buses to discreetly monitor and record violations by drivers and passengers with compounds issued on the spot based on the recorded evidence. The news was shared on the Kedah Kini Facebook page and suffice to say, the reception was far from positive. One commenter called out the operation as untimely given that most folks are already struggling with the recently implemented Sales and Services Tax (SST) expansion which has further exacerbated the cost-of-living crisis. Just ignore the summons, declared one netizen. After all, many bus drivers who were summoned are still driving. He also noted that the RM300 fine 'could buy half-a-year's supply of rice'. Get your priorities straight was the message conveyed by one irate observer. He contended that there should be – first and foremost – roadworthiness tests on the vehicles. This should be followed on urine tests on the bus drivers to ensure they are not drug addicts. Some pointed out that the authorities were targeting the wrong people, highlighting that commuters using express buses were usually low-income earners. 'Why punish them?' seems to be the overriding sentiment. The general feeling tends to be that the guilty parties are allowed to get away scot-free while the common man-on-the-street is faulted. However, on the flip side, one commenter did point out that the law must be enforced. This is the only way a society can progress and prosper. Anyone unhappy with any laws can pressure (through the ballot box) the government of the day to make the necessary changes. Yes, the laws are there for a reason. For sure the passengers were in the wrong for not buckling up. But the point of contention with many commenters is that enforcement seems selective. As one commenter sarcastically remarked, 'as if such punitive actions will bring an end to fatal accidents involving buses'. The manner in which this issue is being handled highlights how the authorities are simply tone deaf and do NOT seem to have the well-being of the rakyat at heart. Surely, it could have been handled better. – July 4, 2025 Main image credit: Bernama
The Star
02-07-2025
- The Star
Arrest order for lorry firm owner in fatal FRU crash
TELUK INTAN: The Magistrate's Court here issued an arrest warrant for the owner of a lorry company involved in a fatal accident involving nine members of the Federal Reserve Unit (FRU) on May 13. Deputy Public Prosecutor Izzuddin Fakri Hamdan filed the arrest warrant application yesterday after the individual failed to appear for Monday's proceedings on two charges, namely under Section 57 and Section 58 of the Land Public Transport Act 2010. Magistrate Naidatul Athirah Azman then set July 29 for mention of the arrest warrant, Bernama reported. It is understood that the Road Transport Department (JPJ) had also sent a summons to the owner of the company to appear in court for yesterday's prosecution proceedings. On May 30, the Land Public Transport Agency (APAD) announced that it had revoked the operating licence of Tashveen Trading, the lorry company that carried the gravel load, effective May 29, 2025.
Free Malaysia Today
25-06-2025
- Automotive
- Free Malaysia Today
JPJ to audit 500 ‘high-risk' bus, lorry operators
A collision between a lorry and an FRU truck on May 13, which left nine police officers dead and two critically injured, was among recent accidents that made the headlines. (Bernama pic) BUTTERWORTH : Audits will be conducted on 500 operators of public service vehicles and high-risk goods commercial vehicles from Monday, according to the director-general of the road transport department Aedy Fadly Ramli. He said his team had reviewed outstanding summonses, and identified a list of high-risk operators, which includes 300 lorries, 100 tour buses and 100 express buses. The main focus of the operation is to assess the level of compliance on safety, vehicle maintenance, driver management, and regulations under the Road Transport Act. Aedy said the action was taken following the recent accidents involving heavy vehicles, including the bus crash that claimed the lives of 15 students of Universiti Pendidikan Sultan Idris on June 9. Strict action will be taken against any operator found to be violating regulations or neglecting safety aspects, he said.
New Straits Times
24-06-2025
- New Straits Times
FRU truck crash: Court issues arrest warrant for lorry company owner
TELUK INTAN: The Magistrate's Court here today issued an arrest warrant for the owner of a lorry company involved in a fatal accident involving nine members of the Federal Reserve Unit (FRU) on May 13. Deputy Public Prosecutor Izzuddin Fakri Hamdan filed the arrest warrant application after the individual failed to appear for today's proceedings on two charges, namely under Section 57 and Section 58 of the Land Public Transport Act 2010. Magistrate Naidatul Athirah Azman set July 29 for mention of the arrest warrant. It is understood that the Road Transport Department (JPJ) has also sent a summons to the owner of the company to appear in court for today's prosecution proceedings. In the incident at 8.54 am on May 13, nine members of FRU Unit 5 based in Sungai Senam, Ipoh died after the truck they were travelling in collided with a lorry loaded with gravel. On May 30, the Land Public Transport Agency (APAD) announced that it had revoked the operating licence of Tashveen Trading, the lorry company that carried the gravel load, effective May 29, 2025. The lorry operating company was found to have failed to comply with the requirements of the Industrial Safety Code of Practice (ICOP), failed to ensure that the Global Positioning System (GPS) was functional and had expired, in addition to carrying a load that did not comply with the type of goods specified in the vehicle permit.
