Franco Nevada Corp (TSE:FNV) (NYSE:FNV) declared a quarterly dividend on Wednesday, August 9th, Zacks reports. Stockholders of record on Thursday, September 14th will be paid a dividend of 0.23 per share on Thursday, September 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, September 13th. This is an increase from Franco Nevada Corp’s previous quarterly dividend of $0.21.

Franco Nevada Corp (TSE:FNV) opened at 102.69 on Friday. The firm has a market capitalization of $19.04 billion and a PE ratio of 129.50. The stock has a 50 day moving average of $96.84 and a 200-day moving average of $93.17. Franco Nevada Corp has a one year low of $71.44 and a one year high of $104.00.

Several brokerages recently issued reports on FNV. CIBC raised their price objective on Franco Nevada Corp from C$105.00 to C$110.00 in a research note on Thursday, August 10th. Scotiabank raised their price objective on Franco Nevada Corp to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 11th. Finally, Canaccord Genuity raised their price objective on Franco Nevada Corp from C$111.00 to C$114.00 in a research note on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$96.83.

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In other Franco Nevada Corp news, Director Derek Watson Evans sold 65,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of C$99.81, for a total value of C$6,487,650.00. Also, insider Jason O’connell sold 5,753 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of C$98.17, for a total value of C$564,772.01. Insiders have sold 71,396 shares of company stock worth $7,118,882 over the last 90 days.

About Franco Nevada Corp

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Dividend History for Franco Nevada Corp (TSE:FNV)

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