Franco-Nevada Corporation (NYSE:FNV) Shareholders to Get $0.44 Quarterly Dividend

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.44 per share by the basic materials company on Thursday, December 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, December 3rd.

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 dividend payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Franco-Nevada to earn $8.51 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 20.7%.

Franco-Nevada Trading Down 2.9%

NYSE FNV opened at $248.41 on Thursday. The stock has a market cap of $47.92 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.97 and a beta of 0.34. The company has a fifty day simple moving average of $248.48 and a two-hundred day simple moving average of $240.07. Franco-Nevada has a 12-month low of $188.47 and a 12-month high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last posted its quarterly earnings results on Wednesday, November 11th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.12. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%. The business had revenue of $549.30 million for the quarter, compared to the consensus estimate of $568.44 million. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Franco-Nevada will post 7.40 earnings per share for the current year.

About Franco-Nevada

Franco-Nevada is a Toronto-based company that provides financing to mining and energy businesses in exchange for royalties, streams and other interests in production. Rather than operating mines itself, it gives partners capital and receives a share of revenue or future output from their projects. The company’s portfolio is focused on gold and other precious metals, and also includes interests in other minerals and energy assets, including oil and gas. Its projects and counterparties span multiple regions, including North and South America, Africa, Australia and Europe.