Business
Franco-Nevada Declares Quarterly Dividend and Provides Details for Upcoming Release of 2016 Results
Franco-Nevada Declares Quarterly Dividend and Provides Details for Upcoming Release of 201...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\nFranco-Nevada Declares Quarterly Dividend and Provides Details for Upcoming Release of 2016 Results\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.prngen3{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen2{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n.prnml60{\nFONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN-LEFT:5.00em; FONT-SIZE: 8PT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 9, 2017\n\n\n\nQuarterly Dividend Declaration\n\n\n\nTORONTO, Feb. 9, 2017 /CNW/ - Franco-Nevada Corporation is pleased to announce that its Board of Directors has declared a quarterly dividend of US$0.22 per share.  The dividend will be paid on March 30, 2017 to shareholders of record on March 16, 2017 (the \"Record Date\").  The Canadian dollar equivalent is to be determined based on the daily average rate posted by the Bank of Canada 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\nThe Company has a Dividend Reinvestment Plan (\"DRIP\").  Participation in the DRIP is optional.  The Company will issue 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.inve...