Franco-Nevada Declares Quarterly Dividend and Provides Details for Upcoming Release of 2020 Results

Rhea-AI Summary

Franco-Nevada Corporation has declared a quarterly dividend of US$0.26 per share, payable on March 25, 2021, to shareholders of record by March 11, 2021. The Canadian dollar equivalent will be based on the Bank of Canada's rate on the Record Date. The company offers a Dividend Reinvestment Plan (DRIP) allowing purchases at a 3% discount to the Average Market Price. Upcoming 2020 results will be released on March 10, 2021, followed by a conference call on March 11, 2021.

Positive

• Declared quarterly dividend of US$0.26 per share.
• Dividend payment date set for March 25, 2021.
• Opportunity for shareholders to reinvest through the DRIP at a 3% discount.

Negative

• None.

TORONTO, Feb. 10, 2021 /PRNewswire/ - Franco-Nevada Corporation is pleased to announce that its Board of Directors has declared a quarterly dividend of US$0.26 per share. The dividend will be paid on March 25, 2021 to shareholders of record on March 11, 2021 (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. The Company has a Dividend Reinvestment Plan (the "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. Canadian and U.S. registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at www.investorcentre.com/franconevada. Canadian and U.S. beneficial shareholders should contact their financial intermediary to arrange enrollment. The DRIP allows for certain non-Canadian and non-U.S. shareholders to participate in the DRIP, subject to the satisfaction of certain conditions. Non-Canadian and non-U.S. shareholders should contact the Company to determine whether they satisfy the necessary conditions to participate in the DRIP.

This press release is not an offer to sell or a solicitation of an offer of securities. A registration statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission and may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at www.sec.gov.

Details for Upcoming Release of 2020 Results

2020 Results Release:	March 10th after market close
Conference Call and Webcast:	March 11th 10:00 am ET
Dial–in Numbers:	Toll–Free: 1–888–390–0546 International: 416–764–8688
Webcast:	www.franco–nevada.com
Replay (available until March 18th):	Toll–Free: 1–888–390–0541 International: 416–764–8677 Pass code:525504 #

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SOURCE Franco-Nevada Corporation

FAQ

What is the dividend amount declared by Franco-Nevada for Q1 2021?

Franco-Nevada declared a dividend of US$0.26 per share for Q1 2021.

When will Franco-Nevada's dividend be paid?

The dividend will be paid on March 25, 2021.

When is the record date for Franco-Nevada's dividend?

The record date for Franco-Nevada's dividend is March 11, 2021.

What is the purpose of the Dividend Reinvestment Plan (DRIP) offered by Franco-Nevada?

The DRIP allows shareholders to reinvest dividends into additional common shares at a 3% discount.

When will Franco-Nevada release its 2020 financial results?

Franco-Nevada will release its 2020 financial results on March 10, 2021.