Franco-Nevada Corp. (NYSE:FNV) (TSE:FNV) announced a quarterly dividend on Wednesday, November 9th. Investors of record on Thursday, December 8th will be paid a dividend of 0.22 per share on Thursday, December 22nd. This represents a $0.88 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, December 6th.

Shares of Franco-Nevada Corp. (NYSE:FNV) opened at 57.92 on Thursday. The company has a market cap of $10.32 billion, a PE ratio of 103.99 and a beta of 0.22. Franco-Nevada Corp. has a 12 month low of $41.47 and a 12 month high of $81.16. The company has a 50-day moving average of $62.67 and a 200 day moving average of $69.80.

Dividend History for Franco-Nevada Corp. (NYSE:FNV)

A number of equities research analysts have recently commented on the stock. TheStreet raised shares of Franco-Nevada Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. TD Securities reaffirmed a “hold” rating and set a $77.00 price objective on shares of Franco-Nevada Corp. in a research note on Saturday, August 13th. BMO Capital Markets set a $108.00 price objective on shares of Franco-Nevada Corp. and gave the stock a “hold” rating in a research note on Monday, August 8th. Bank of America Corp. assumed coverage on shares of Franco-Nevada Corp. in a research note on Tuesday, August 9th. They set a “buy” rating on the stock. Finally, Barclays PLC raised their price objective on shares of Franco-Nevada Corp. from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $76.87.

TRADEMARK VIOLATION WARNING: “Franco-Nevada Corp. (FNV) to Issue Quarterly Dividend of $0.22 on December 22nd” was reported by Financial Market News and is the sole property of of Financial Market News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The legal version of this report can be accessed at http://www.financial-market-news.com/franco-nevada-corp-fnv-to-issue-quarterly-dividend-of-0-22-on-december-22nd/1211599/.

Hedge funds have recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Franco-Nevada Corp. by 24.7% in the second quarter. Van ECK Associates Corp now owns 7,831,846 shares of the company’s stock worth $595,690,000 after buying an additional 1,550,588 shares during the period. APG Asset Management N.V. increased its stake in shares of Franco-Nevada Corp. by 10.3% in the second quarter. APG Asset Management N.V. now owns 1,612,016 shares of the company’s stock worth $158,364,000 after buying an additional 150,116 shares during the period. Credit Suisse AG increased its stake in shares of Franco-Nevada Corp. by 2.0% in the second quarter. Credit Suisse AG now owns 509,634 shares of the company’s stock worth $38,763,000 after buying an additional 9,824 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Franco-Nevada Corp. by 7.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 450,505 shares of the company’s stock worth $34,265,000 after buying an additional 29,946 shares during the period. Finally, Capital World Investors increased its stake in shares of Franco-Nevada Corp. by 0.4% in the second quarter. Capital World Investors now owns 286,030 shares of the company’s stock worth $21,750,000 after buying an additional 1,030 shares during the period. 63.00% of the stock is owned by institutional investors and hedge funds.

About Franco-Nevada Corp.

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.

5 Day Chart for NYSE:FNV

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.