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

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

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

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

Franco-Nevada Co. (FNV.TO) Company Profile

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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