Franco Nevada Corp Declares Quarterly Dividend of $0.33 (TSE:FNV)

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Franco Nevada Corp (TSE:FNV) (NYSE:FNV) announced a quarterly dividend on Monday, November 11th, Zacks reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.329 per share on Thursday, December 19th. This represents a $1.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of FNV opened at C$130.67 on Monday. Franco Nevada has a 52-week low of C$90.20 and a 52-week high of C$133.92. The company has a quick ratio of 4.32, a current ratio of 6.37 and a debt-to-equity ratio of 4.99. The firm’s fifty day moving average is C$126.46 and its two-hundred day moving average is C$118.47. The stock has a market cap of $24.64 billion and a PE ratio of 122.46.

Several brokerages have issued reports on FNV. Eight Capital cut shares of Franco Nevada from a “buy” rating to a “neutral” rating and lifted their target price for the stock from C$110.00 to C$125.00 in a research note on Thursday, August 8th. BMO Capital Markets boosted their price target on shares of Franco Nevada from C$110.00 to C$130.00 in a research report on Wednesday, September 11th. Royal Bank of Canada reissued a “sector perform” rating on shares of Franco Nevada in a research report on Thursday, August 8th. National Bank Financial lowered their price target on shares of Franco Nevada from C$150.00 to C$145.00 and set a “sector perform” rating on the stock in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Franco Nevada from C$110.00 to C$117.00 in a research report on Wednesday, August 14th.

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 (TSE:FNV)

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