Franco Nevada Corp (FNV) to Issue Quarterly Dividend of $0.23

Franco Nevada Corp (NYSE:FNV) (TSE:FNV) declared a quarterly dividend on Thursday, February 8th, Zacks reports. Investors of record on Thursday, March 15th will be given a dividend of 0.23 per share by the basic materials company on Thursday, March 29th. This represents a $0.92 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, March 14th.

Franco Nevada has increased its dividend by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Franco Nevada has a payout ratio of 86.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Franco Nevada to earn $1.19 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 77.3%.

Franco Nevada (NYSE:FNV) traded down $0.91 during trading hours on Friday, reaching $69.03. The company had a trading volume of 1,083,147 shares, compared to its average volume of 671,570. The firm has a market capitalization of $12,990.00, a price-to-earnings ratio of 85.22, a price-to-earnings-growth ratio of 14.80 and a beta of -0.12. Franco Nevada has a 52-week low of $60.10 and a 52-week high of $86.06.

Franco Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. Franco Nevada had a return on equity of 4.31% and a net margin of 22.12%. The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $167.07 million. During the same period in the prior year, the firm posted $0.30 EPS. The business’s revenue was down .3% compared to the same quarter last year. sell-side analysts predict that Franco Nevada will post 1.08 EPS for the current year.

Several brokerages have weighed in on FNV. Zacks Investment Research raised Franco Nevada from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $121.00 target price on shares of Franco Nevada in a research report on Tuesday, November 7th. Raymond James Financial dropped their target price on Franco Nevada from $93.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 23rd. Scotiabank upped their target price on Franco Nevada from $82.50 to $85.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. Finally, Credit Suisse Group set a $80.00 target price on Franco Nevada and gave the stock a “hold” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Franco Nevada has a consensus rating of “Hold” and a consensus price target of $88.56.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at

Franco Nevada Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Dividend History for Franco Nevada (NYSE:FNV)

Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply