Business
Franco-Nevada Declares 19th Consecutive Annual Dividend Increase and Announces Chair Succession Plans
Franco-Nevada Declares 19th Consecutive Annual Dividend Increase and Announces Chair Succession P...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\nFranco-Nevada Declares 19th Consecutive Annual Dividend Increase and Announces Chair Succession Plans\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\n(in U.S. dollars unless otherwise noted)\nTORONTO, Jan. 26, 2026 /CNW/ - Franco-Nevada Corporation (\"Franco-Nevada\" or the \"Company\") (TSX: FNV) (NYSE: FNV) is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of US$0.44 per share payable on March 26, 2026 to shareholders of record on March 12, 2026 (the \"Record Date\"). This increased quarterly dividend is intended to be applied to all four quarters for the full 2026 fiscal year. This is an approximate 16% increase from the previous US$0.38 per share quarterly dividend and marks the 19th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in December 2007 are now receiving an effective 16.1% yield on their cost base. Further dividend details are provided below.\nThe board of Franco-Nevada Corporation continues to advance its succession planning and board renewal. The board has now made the following decisions:\nDavid Harquail as Chair Emeritus DesignateEffective as of the May 12th, 2026 AGM the board intends to appoint David Harquail as Chair Emeritus. David served as a founder and CEO of Franco-Nevada from its IPO in 2007 and from 2020 to date has served as non-executive Chair of its board of directors. Under his leadership, Franco-Nevada has had an outstanding track record of creating value for its shareholders.\nTom Albanese as Chair DesignateEffective as of the May 12th, 2026 AGM the board intends to appoint Tom Albanese as the independent non-executive Chair of its board of directors. Tom currently serves as the Lead Independent Director of Franco-Nevada. He is a seasoned mining executive including prior CEO roles at both Rio Tinto Plc. and Vedanta Resources Plc and many corporate director positions.\nDetails for Dividend Declaration and Dividend Reinvestment Plan \nThe dividend has been declared in U.S. dollars and the Cana...