| Franco-Nevada Declares 2015 First Quarter Dividend | |
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Franco-Nevada Declares 2015 First Quarter Dividend
TORONTO, February 18, 2015 - Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) is pleased to announce that today its Board of Directors has declared a dividend for the first quarter of 2015 of $0.20 per share. The dividend will be paid on March 26, 2015 to shareholders of record on March 12, 2015. The Canadian dollar equivalent is determined based on the noon rate posted by the Bank of Canada on February 17, 2015. 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.
Franco-Nevada Corporation adopted a Dividend Reinvestment Plan ("DRIP") in 2013. Participation in the DRIP is optional. The Company currently issues additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. However, 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. The DRIP, and enrollment forms are available on the Company's website at www.franco-nevada.com. Registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at www.investorcentre.com/franco-nevada. Beneficial shareholders should contact their financial intermediary to arrange enrollment.
This press release is not an offer to sell or a solicitation of an offer of securities.
Corporate Summary
Franco-Nevada Corporation is the leading gold-focused royalty and stream company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with exploration optionality while limiting exposure to operating and capital cost risks. Franco-Nevada has substantial cash, no debt 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. Franco-Nevada is the gold investment that works.
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Franco Nevada Corp.
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PRODUCER |
CODE : FNV.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Franco-Nevada is a gold royalty company based in Canada. Franco-Nevada produces gold, copper, nickel, pgm, platinum, silver and uranium in Australia, in Canada, in Ghana, in Indonesia, in Mauritania, in Mexico, in South Africa and in USA, develops copper, gold, lead, molybdenum, nickel, silver and zinc in Canada, in Dominican Republic and in Greece, and holds various exploration projects in Argentina and in Australia. Its main assets in production are BALD MOUNTAIN in USA, HEMLO, HOLLISTER, ROBINSON (NEVADA) and HOLLOWAY in Canada, NORTH LANUT and MT. MURO in Indonesia, EZULWINI, MARIGOLD, MESQUITE, PANDORA JV and (MWS) BUFFELSFONTEIN TAILING PROJECT in South Africa, TASIAST in Mauritania, CERRO SAN PEDRO, PALMAREJO, GOLDSTRIKE and STILLWATER MINE in Mexico, MOUNT KEITH - OC and MOUNT KEITH - SP in Australia and AHAFO SOUTH in Ghana, its main assets in development are DEE PROJECT, TULSEQUAH CHIEF, ROSEMONT RANCH and PROSPERITY in Canada, PERAMA HILL in Greece and FALCONDO MINE in Dominican Republic and its main exploration properties are DETOUR LAKE, EDSON, WEYBURN UNIT and MIDALE UNIT in Canada, TARICORI and PINSON in Peru, PECULIAR KNOB, ADMIRAL HILL and MOOLART WELL in Australia and CALCATREU in Argentina. Franco-Nevada is listed in Canada and in United States of America. Its market capitalisation is CA$ 30.2 billions as of today (US$ 22.3 billions, € 20.0 billions). Its stock quote reached its lowest recent point on March 08, 2019 at CA$ 100.00, and its highest recent level on September 17, 2024 at CA$ 169.45. Franco-Nevada has 178 480 000 shares outstanding. |