Franco-Nevada (FNV) Tops Q4 EPS by 58c

Franco-Nevada (NYSE: FNV) reported Q4 EPS of $0.85, $0.58 better than the analyst estimate of $0.27. Revenue for the quarter came in at $304.5 million versus the consensus estimate of $170.05 million.

Franco-Nevada is pleased to announce that its Board of Directors has decided to raise its quarterly dividend to $0.30 per share, effective for the second quarter of 2021. The dividend will be a 15.4% increase from the previous $0.26 per share quarterly dividend and will mark the 14th consecutive annual dividend increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in December 2007 will be receiving an effective 10.0% yield on their cost base. The Board of Directors plans on formally declaring the second quarter dividend of $0.30 per share in May 2021 with payment by the end of June 2021.

For earnings history and earnings-related data on Franco-Nevada (FNV) click here.

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