Franco-Nevada Corporation (NYSE:FNV) Plans $0.38 Quarterly Dividend

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) announced a quarterly dividend on Monday, November 3rd. Investors of record on Thursday, December 4th will be given a dividend of 0.38 per share by the basic materials company on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, December 4th.

Franco-Nevada has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Franco-Nevada has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Franco-Nevada to earn $4.02 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 37.8%.

Franco-Nevada Trading Down 1.9%

NYSE:FNV traded down $3.63 during mid-day trading on Tuesday, hitting $184.19. The company’s stock had a trading volume of 222,550 shares, compared to its average volume of 836,351. Franco-Nevada has a fifty-two week low of $112.70 and a fifty-two week high of $225.63. The company has a market capitalization of $35.51 billion, a price-to-earnings ratio of 45.19, a P/E/G ratio of 1.70 and a beta of 0.42. The stock has a fifty day moving average of $201.74 and a 200-day moving average of $179.28.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. Franco-Nevada had a return on equity of 12.56% and a net margin of 58.82%.The company had revenue of $487.70 million for the quarter, compared to the consensus estimate of $448.51 million. During the same period in the previous year, the business earned $0.80 earnings per share. The company’s quarterly revenue was up 76.9% on a year-over-year basis. On average, equities analysts anticipate that Franco-Nevada will post 3.09 earnings per share for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.