Business
Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2022 Results
Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of 2022 Result...
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 2022 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{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 17, 2023\n \n \n /CNW/ - Franco-Nevada Corporation (\"Franco-Nevada\" or the \"Company\") is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of\n \n US$0.34\n \n per share payable on\n \n March 30, 2023\n \n to shareholders of record on\n \n March 16, 2023\n \n (the \"Record Date\"). The increased dividend will be effective for the full 2023 fiscal year.  This is a 6.25% increase from the previous\n \n US$0.32\n \n per share quarterly dividend and marks the 16\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 12.2% yield on their cost base. 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 \n Update on Dividend Reinvestment Plan\n \n \n \n The Company has a Dividend Reinvestment Pla...