Franco-Nevada Q1 Adjusted Earnings, Revenue Rise; Quarterly Dividend Maintained

MT Newswires Live

05/13

Franco-Nevada (FNV) reported Q1 adjusted earnings late Tuesday of $2.38 per diluted share, up from $1.07 a year earlier.

Analysts polled by FactSet expected $2.11.

Revenue for the three months ended March 31 was $650.7 million, up from $368.4 million a year earlier.

Analysts surveyed by FactSet expected $634.4 million.

The company maintained its quarterly dividend at $0.44 per share, payable June 25 to stockholders of record June 11.

The company named Tom Albanese as independent non-executive chair of the board. He was most recently the lead independent director of the company.

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