Franco-Nevada (FNV) Raises Quarterly Dividend 5% to $0.21; 1.6% Yield
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Franco-Nevada Reports Q1 2015 Results and Increases Quarterly Dividend
May 6, 2015 4:00 PM EDTTORONTO, May 6, 2015 /PRNewswire/ - Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) today reported first quarter 2015 financial results realizing 85,081 Gold Equivalent Ounces ("GEOs")(1) from its mineral assets and $5.5 million in revenue from its oil & gas assets. Net Income and Adjusted Net Income(2) were $19.2 million, or $0.12 per share, and $22.9 million, or $0.15 per share, respectively, with Adjusted EBITDA(3) being $83.3 million, or $0.53 per share.
"Franco-Nevada's mineral assets continue to deliver dependable results with our new asset, Candelaria, having a strong first quarter. However lower average oil prices impacted our revenue," said David Harquail,... More
