March 2 (Reuters) - Freehold Royalties Ltd FRU.TO :
* Freehold Royalties Ltd sets quarterly production record, increases dividend and revises guidance upwards
* Q4 FFO per share C$0.26
* To increase 2017 production guidance and raise dividend by 25%
* Revising our 2017 production forecast from 11,000 boe/d to a range of 11,300 boe/d to 11,800 boe/d
* Freehold Royalties Ltd - increasing monthly dividend from $0.04 to $0.05 per share consistent with strategy of a 60%-80% adjusted payout ratio
* Says Q4 production averaged 12,579 boe/d, a 6% improvement over Q4-2015 Source text for Eikon: ID:nCCN4Yq85D Further company coverage: FRU.TO