Franco Nev Corp (FNV) Plans Monthly Dividend of $0.06
Franco Nev Corp (NYSE:FNV) announced a monthly dividend on Wednesday, March 20th. Investors of record on Thursday, May 16th will be paid a dividend of $0.06 per share on Thursday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Tuesday, May 14th.
On a related note, analysts at Zacks downgraded shares of Franco Nev Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, February 11th. They now have a $61.10 price target on the stock.
Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $61.03.
Shares of Franco Nev Corp (NYSE: FNV) traded down 3.95% during mid-day trading on Wednesday, hitting $44.24. Franco Nev Corp has a one year low of $37.51 and a one year high of $61.60. The stock’s 50-day moving average is currently $49.66. The company has a market cap of $6.483 billion and a P/E ratio of 213.24.
Franco-Nevada Corporation (NYSE: FNV), is a gold-focused royalty and stream company with additional interests in platinum group metals (PGMs), oil and gas and other resource assets.
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