Franco-Nevada Co. (FNV.TO) (TSE:FNV) Announces Quarterly Dividend of $0.61

Franco-Nevada Co. (FNV.TO) (TSE:FNV) (NYSE:FNV) announced a quarterly dividend on Wednesday, November 4th, Zacks reports. Stockholders of record on Thursday, December 3rd will be given a dividend of 0.606 per share on Thursday, December 17th. This represents a $2.42 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, December 2nd. This is an increase from Franco-Nevada Co. (FNV.TO)’s previous quarterly dividend of $0.35.

Shares of TSE:FNV opened at C$169.45 on Monday. Franco-Nevada Co. has a one year low of C$105.93 and a one year high of C$222.15. The stock has a market capitalization of $32.34 billion and a price-to-earnings ratio of 122.26. The company has a 50-day simple moving average of C$180.45 and a 200-day simple moving average of C$190.66. The company has a debt-to-equity ratio of 1.63, a quick ratio of 13.40 and a current ratio of 14.38.

A number of research analysts have recently issued reports on FNV shares. National Bank Financial boosted their target price on Franco-Nevada Co. (FNV.TO) from C$220.00 to C$225.00 in a report on Friday, September 11th. Eight Capital lifted their price objective on Franco-Nevada Co. (FNV.TO) from C$200.00 to C$225.00 in a report on Wednesday, October 14th. CIBC upped their target price on Franco-Nevada Co. (FNV.TO) from C$235.00 to C$245.00 in a report on Thursday, August 6th. Finally, BMO Capital Markets upped their price objective on shares of Franco-Nevada Co. (FNV.TO) from C$200.00 to C$205.00 in a research note on Thursday, November 5th.

About Franco-Nevada Co. (FNV.TO)

Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, Europe, and Africa, and internationally. It operates through two segment, Mining and Energy. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and energy comprising oil, gas, and natural gas liquids.

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Dividend History for Franco-Nevada Co. (FNV.TO) (TSE:FNV)

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