Franco Nevada Corp (FNV) Raises Dividend to $0.23 Per Share
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.
WARNING: “Franco Nevada Corp (FNV) Raises Dividend to $0.23 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/08/franco-nevada-corp-fnv-raises-dividend-to-0-23-per-share.html.
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.
Receive News & Ratings for Franco Nevada Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada Corp and related companies with MarketBeat.com's FREE daily email newsletter.