Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of Year-End 2024 Results

 
 

Franco-Nevada Corporation ("Franco-Nevada" or the "Company") is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of US$0.38 per share payable on March 27, 2025 to shareholders of record on March 13, 2025 (the "Record Date"). The increased dividend will be effective for the full 2025 fiscal year. This is a 5.56% increase from the previous US$0.36 per share quarterly dividend and marks the 18th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in December 2007 are now receiving an effective 13.7% yield on their cost base.

 

  Details for Upcoming Release of 2024 Year-End Results  

 

Franco- Nevada will report its 2024 year-end results as follows:

 
 
                      
 

  2024 Results Release:  

 
 

  March 10 th before market open  

 
 
 
 

  Conference Call and Webcast:  

 
 

  March 10 th 10:00 am ET  

 
 
 
 

  Dial-in Numbers:  

 
 

  Toll-Free: 1-888-510-2154  

 

  International: 437-900-0527  

 
 
 
 

  Conference Call URL (This allows participants to join
the conference call by phone without operator assistance.
Participants will receive an automated call back after
entering their name and phone number):
 

 
 

  bit.ly/42qqj9w  

 
 
 
 

  Webcast:  

 
 

  www.franco-nevada.com  

 
 
 
 

  Replay (available until March 17 th ):  

 
 

  Toll-Free: 1-888-660-6345  

 

  International: 289-819-1450  

 

  Passcode: 70370#  

 
 
 

  Details for Dividend Declaration and Dividend Reinvestment Plan  

 

The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who receive "eligible dividends" are entitled to an enhanced gross-up and dividend tax credit on such dividends.

 

The Company has a Dividend Reinvestment Plan (the "DRIP") which allows shareholders of Franco-Nevada to reinvest dividends to purchase additional common shares at the Average Market Price, as defined in the DRIP, subject to a discount from the Average Market Price in the case of treasury acquisitions. The Company will issue additional common shares through treasury at a 1% discount to the Average Market Price. The Company may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced. Participation in the DRIP is optional. The DRIP and enrollment forms are available on the Company's website at www.franco-nevada.com . Canadian and U.S. registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at www.investorcentre.com/franco-nevada . Canadian and U.S. beneficial shareholders should contact their financial intermediary to arrange enrollment. Non-Canadian and non-U.S. shareholders may potentially participate in the DRIP, subject to the satisfaction of certain conditions. Non-Canadian and non-U.S. shareholders should contact the Company to determine whether they satisfy the necessary conditions to participate in the DRIP.

 

This press release is not an offer to sell or a solicitation of an offer for securities. A registration statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission and may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at www.sec.gov .

 

  Corporate Summary  

 

Franco-Nevada Corporation is among the leading gold-focused royalty and streaming companies with the most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco- Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges.

 

 Cision View original content: https://www.prnewswire.com/news-releases/franco-nevada-declares-dividend-increase-and-provides-details-for-upcoming-release-of-year-end-2024-results-302363741.html  

 

SOURCE Franco-Nevada Corporation

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/January2025/29/c9913.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

FNV:CA
The Conversation (0)
Triumph Gold

Triumph Gold

Keep reading...Show less
Quimbaya Gold (CSE:QIM)

Quimbaya Gold


Keep reading...Show less

Latest Press Releases

Related News

×