Franco-Nevada Increases Quarterly Dividend by 15.8%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Dividend Increase: Franco-Nevada announces a quarterly dividend increase from $0.38 to $0.44 per share, representing a 15.8% rise, indicating ongoing improvements in profitability and cash flow, which bolsters investor confidence.
- Yield Information: The forward yield of 0.69% reflects the company's stability and attractiveness in the current market environment, potentially drawing in more investors seeking reliable returns.
- Payment Schedule: The new dividend will be payable on March 26, with a record date of March 12 and an ex-dividend date also on March 12, ensuring shareholders receive their enhanced returns promptly.
- Rating Upgrade: Franco-Nevada's rating has been upgraded, further validating its status as a high-quality compounder, which is expected to attract increased attention from institutional investors.
Analyst Views on FNV
Wall Street analysts forecast FNV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNV is 236.43 USD with a low forecast of 210.00 USD and a high forecast of 270.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 258.320
Low
210.00
Averages
236.43
High
270.00
Current: 258.320
Low
210.00
Averages
236.43
High
270.00
About FNV
Franco-Nevada Corporation is a Canada-based gold-focused royalty and streaming company. The Company’s segments include precious metals, other mining and energy. The Company’s portfolio is diversified by commodity, geography and asset. Its assets include Candelaria, Antapaccay, Antamina, Condestable, Tocantinzinho, Cerro Moro, Salares Norte, Cascabel (Alpala), Posse (Mara Rosa), CentroGold (Gurupi), Calcatreu, and San Jorge. Its other mining assets include NuevaUnion, Taca Taca, Caserones, Copper World Project, Ring of Fire, Mt Keith, Crawford, Robinson, EaglePicher, Copper World Project, and Milpillas. Its United States assets include Stillwater, Goldstrike, Gold Quarry, Marigold, Bald Mountain, South Arturo, Mesquite, Castle Mountain, Stibnite Gold, Sterling, Granite Creek (Pinson) and Arthur Gold Project. Its Canadian assets include Detour Lake, Sudbury, Hemlo, Brucejack, Macassa (Kirkland Lake), Dublin Gulch (Eagle), Musselwhite, and Timmins West.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
