(in U.S. dollars unless otherwise stated)
TORONTO, Jan. 30, 2024 /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 US$0.36 per share payable on March 28, 2024 to shareholders of record on March 14, 2024 (the “Record Date”). The increased dividend will be effective for the full 2024 fiscal year. This is a 5.88% increase from the previous US$0.34 per share quarterly dividend and marks the 17th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada’s IPO in December 2007 are now receiving an effective 12.1% yield on their cost base.
Cobre Panama Update
Cobre Panama currently remains in a phase of preservation and safe maintenance with production halted. As a result of the current suspension of operations, the Company is conducting an impairment analysis, the…
