Franco Nevada Corp (NYSE:FNV) Plans $0.25 Quarterly Dividend

Franco Nevada Corp (NYSE:FNV) (TSE:FNV) announced a quarterly dividend on Monday, November 11th, Zacks reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.25 per share by the basic materials company on Thursday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of FNV opened at $98.86 on Tuesday. Franco Nevada has a 1 year low of $67.97 and a 1 year high of $101.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.37 and a quick ratio of 6.37. The stock’s fifty day moving average price is $96.12 and its two-hundred day moving average price is $89.83. The firm has a market cap of $18.54 billion, a PE ratio of 84.50, a PEG ratio of 14.41 and a beta of -0.02.

Franco Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.09. Franco Nevada had a return on equity of 5.78% and a net margin of 27.17%. The company had revenue of $235.70 million during the quarter, compared to the consensus estimate of $223.73 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. Sell-side analysts anticipate that Franco Nevada will post 1.71 earnings per share for the current fiscal year.

Several equities research analysts have commented on the stock. Raymond James set a $108.00 price objective on shares of Franco Nevada and gave the company an “outperform” rating in a report on Wednesday, November 13th. Canaccord Genuity reiterated a “buy” rating on shares of Franco Nevada in a research note on Friday, August 23rd. Credit Suisse Group boosted their price target on shares of Franco Nevada from $84.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Franco Nevada from $110.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, CIBC reaffirmed a “buy” rating and issued a $143.00 price objective on shares of Franco Nevada in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $104.32.

About Franco Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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Dividend History for Franco Nevada (NYSE:FNV)

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