Franco-Nevada Corporation declares dividend and reports Q2 earnings

Franco-Nevada Corporation has announced a quarterly dividend of $0.44 per share. Shareholders of record as of September 10 will receive payment on September 24. The company maintains a dividend yield of 0.7% and a payout ratio of 35.3%.

In its second quarter earnings report, the basic materials company reported $1.81 earnings per share, which fell short of the $1.95 consensus estimate. Revenue for the quarter was $580.90 million, compared to analyst expectations of $610 million.

Institutional activity shows significant interest, with Swiss Life Asset Management Ltd increasing its position by 32.7% to hold 22,292 shares. Analyst sentiment remains a “Moderate Buy” among fifteen brokerages, with eleven issuing buy ratings and four issuing hold ratings. Recent analyst actions include upgrades from National Bank Financial and TD Cowen, alongside price target adjustments from Scotiabank and Bank of America.