Franco-Nevada Corporation to Issue Quarterly Dividend of $0.44 (NYSE:FNV)

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Thursday, September 10th will be paid 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 increased its dividend every year for the last 2 years. Franco-Nevada has a payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Franco-Nevada to earn $8.80 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 20.0%.

Franco-Nevada Stock Performance

FNV stock traded down $3.16 during mid-day trading on Wednesday, reaching $237.58. The company had a trading volume of 386,277 shares, compared to its average volume of 854,129. The firm has a fifty day simple moving average of $215.32 and a 200 day simple moving average of $235.65. The company has a market capitalization of $45.82 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.03 and a beta of 0.35. Franco-Nevada has a fifty-two week low of $173.39 and a fifty-two week high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last announced its quarterly earnings data on Tuesday, August 11th. The basic materials company reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). Franco-Nevada had a return on equity of 18.10% and a net margin of 65.12%.The company had revenue of $580.90 million for the quarter, compared to analyst estimates of $616.66 million. During the same period in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 57.3% compared to the same quarter last year. As a group, analysts predict that Franco-Nevada will post 8.23 earnings per share for the current year.

Franco-Nevada Company Profile

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.