Looking for a safe and stable, cash-gushing dividend stock? There are many out there to consider, but what if you could get in on a growth industry without the risk?
That’s what’s on offer from investing in Franco-Nevada (TSX:FNV). The dividend stock has built a strong reputation, offering investors stable income with its unique royalty and streaming business model. So let’s get into why it’s one of the best buys on the TSX today.
Streaming model
The company doesn’t operate mines itself but instead receives a portion of the revenue or gold output from the mines in which it has invested. This asset-light model helps FNV generate significant cash flow with limited exposure to operational risks that other mining companies face. As of its recent earnings, Franco-Nevada’s revenue for the second quarter of 2024 was US$260.1 million, down from US$329.9 million in the same period last year. Despite this dip, FNV continues to…
