Franco-Nevada Boosts Dividend and Prepares for Year-End Report
Franco-Nevada Announces Dividend Increase
Franco-Nevada Corporation (NASDAQ: FNV) is delighted to share that its Board of Directors has approved an increase in its quarterly dividend. Shareholders can now expect a quarterly payment of US$0.38 per share, a 5.56% increase from the previous US$0.36. This marks an impressive 18 consecutive annual increases for Franco-Nevada shareholders, showcasing the company's strong commitment to rewarding its investors.
For investors who participated in Franco-Nevada's initial public offering, those who invested in December 2007 can now enjoy an effective yield of 13.7% based on their original cost base.
Upcoming Year-End 2024 Results Announcement
Franco-Nevada is preparing to release its 2024 year-end results, and shareholders are eagerly awaiting this information. The results are set to be announced on March 10, shortly before the market opens. This important update will give investors further insights into the company's performance and future prospects.
Conference Call Details
A conference call and webcast will be conducted the same day at 10:00 am ET. During this session, company representatives will discuss the year-end results and answer questions from investors and analysts. Dial-in numbers are available for interested participants: Toll-Free at 1-888-510-2154, and for international callers, 437-900-0527.
Webcast Participation
For those who prefer to join via webcast, Franco-Nevada provides a user-friendly option to participate in the conference call without requiring operator assistance. Participants can register for the call through a simple online form, allowing for a seamless experience.
Dividend Details and Reinvestment Plan
The newly declared dividend will be in U.S. dollars, with the Canadian equivalent determined based on the average exchange rate from the Bank of Canada on the record date. Canadian resident shareholders receiving eligible dividends can benefit from favorable tax treatment, including a gross-up and dividend tax credit.
Franco-Nevada also offers a Dividend Reinvestment Plan (DRIP), enabling shareholders to reinvest their dividends to acquire additional shares. This plan is flexible, allowing for periodic changes to the discount offered for treasury acquisitions, making it an attractive opportunity for long-term investors.
Eligibility and Enrollment in the DRIP
Participation in the DRIP is optional, and registration forms can be found on the company's website. Shareholders in Canada and the U.S. can easily enroll online through the plan agent's self-service portal. Those investing from outside North America should contact the company directly to learn about eligibility criteria for participation.
Corporate Overview of Franco-Nevada
Franco-Nevada Corporation stands as a leader in the gold-focused royalty and streaming sectors. With a well-diversified portfolio of cash-flowing assets, the company offers investors an attractive business model that minimizes exposure to cost inflation while maximizing exploration opportunities.
Remarkably, Franco-Nevada operates without debt, utilizing its free cash flow strategically to expand its operations and continue its commitment to paying dividends. The company's stock trades under the symbol FNV on both the Toronto and New York stock exchanges, attracting a wide range of investors looking for stability and growth.
Frequently Asked Questions
What is the new dividend amount declared by Franco-Nevada?
The new quarterly dividend is set at US$0.38 per share, representing a 5.56% increase from the previous amount.
When will the 2024 year-end results be released?
The results will be announced on March 10, 2025, before market open.
How can I participate in the conference call?
Investors can join the call by dialing Toll-Free: 1-888-510-2154 or for international calls at 437-900-0527.
What does the Dividend Reinvestment Plan offer?
The DRIP allows shareholders to reinvest dividends to purchase additional shares at a potentially discounted price, promoting long-term investment.
Is Franco-Nevada Corporation in debt?
No, Franco-Nevada operates without debt, allowing it to manage its cash flow effectively and focus on expansion and dividend payments.
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