Franco-Nevada Corporation (FNV) To Go Ex-Dividend on September 10th

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Thursday, September 10th will be given a dividend of 0.44 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, September 10th.

Franco-Nevada has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 18 years. Franco-Nevada has a payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Franco-Nevada to earn $8.55 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 20.6%.

Franco-Nevada Stock Up 0.1%

NYSE FNV opened at $266.35 on Tuesday. Franco-Nevada has a fifty-two week low of $181.50 and a fifty-two week high of $285.67. The business has a 50 day moving average price of $230.25 and a two-hundred day moving average price of $236.76. The stock has a market cap of $51.37 billion, a PE ratio of 34.82, a P/E/G ratio of 2.46 and a beta of 0.39.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings data on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The firm had revenue of $580.90 million for the quarter, compared to analysts’ expectations of $616.66 million. Franco-Nevada had a net margin of 63.79% and a return on equity of 18.58%. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 EPS. Sell-side analysts anticipate that Franco-Nevada will post 7.54 EPS for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.