Business
Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2021 Results
Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 202...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n \n \n \n Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2021 Results\n \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.prngen2{\nBORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt; PADDING-RIGHT:0.50em\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnml4{\nMARGIN-LEFT:0.33em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Jan. 27, 2022\n \n /CNW/ - Franco-Nevada Corporation is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of\n \n US$0.32\n \n per share payable on\n \n March 31, 2022\n \n to shareholders of record on\n \n March 17, 2022\n \n (the \"Record Date\"). This is a 6.7% increase from the previous\n \n US$0.30\n \n per share quarterly dividend and marks the 15\n \n th\n \n consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in\n \n December 2007\n \n are now receiving an effective 10.7% yield on their cost base. The Board of Directors has determined to move its annual dividend reviews earlier in the year than prior practice starting with 2022. The dividend policy will now be reviewed at the beginning of the fiscal year so that any increases to the dividend will be effective for the full fiscal year rather than commencing in Q2 as in prior years. 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\n \n Canada\n \n 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.\n \n \n The Company has a Dividend Reinvestment Plan (the \"DRIP\"). Participation in the DRIP is optional. The Company will issue additional common s...