Franco-Nevada Corporation Celebrates 19 Consecutive Annual Dividend Increases and Leadership Changes

Franco-Nevada Announces Dividend Increase and Leadership Changes

Franco-Nevada Corporation, traded on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the symbol FNV, has made significant announcements regarding its annual dividend and the composition of its board of directors. This news marks a continued commitment to shareholder value while paving the way for future leadership.

Dividend Increase Announcement

On January 26, 2026, Franco-Nevada unveiled that its Board of Directors has approved a new quarterly dividend of $0.44 per share, set to be distributed on March 26, 2026. This increase is approximately 16% higher than the previous quarterly dividend of $0.38. With this announcement, Franco-Nevada celebrates its 19th consecutive annual increase. Those who invested in Franco-Nevada's Initial Public Offering (IPO) back in December 2007 are now enjoying a substantial yield of around 16.1% based on their initial investment.

Dividend Details

The forthcoming quarterly dividend will be applicable for all four quarters in the 2026 fiscal year. Shareholders will officially receive this dividend if they are on the company’s records by March 12, 2026. The dividend is denominated in U.S. dollars, while the Canadian dollar equivalent will be determined based on the exchange rate published by the Bank of Canada on the record date.

In line with Canadian tax law, Canadian residents receiving "eligible dividends" are entitled to a gross-up and dividend tax credit, enhancing the attractiveness of this dividend. Additionally, Franco-Nevada offers a Dividend Reinvestment Plan (DRIP), allowing shareholders to reinvest their dividends into additional common shares at discounted rates, further increasing their stake in the company.

Leadership Succession Plans

In addition to the dividend news, Franco-Nevada's board is advancing its leadership succession plan. Effective May 12, 2026, the board intends to designate David Harquail as Chair Emeritus. Harquail has been pivotal in Franco-Nevada's journey, serving as the CEO since its inception and later as non-executive Chair since 2020. Under his leadership, the company has significantly increased shareholder value.

Tom Albanese will succeed him as the new independent non-executive Chair. Albanese, who is currently serving as the Lead Independent Director, comes with immense experience, having previously served as CEO for both Rio Tinto Plc. and Vedanta Resources Plc. His extensive background in mining positions him well to lead Franco-Nevada into its next growth phase.

Corporate Summary

Franco-Nevada Corporation stands out as a leading royalty and streaming company focused on gold, boasting one of the largest and most diverse portfolios of cash-flow-generating assets. The company prides itself on a business model that mitigates exposure to cost inflation while providing solid investment returns linked to gold prices and exploration opportunities. Operating debt-free, Franco-Nevada utilizes its free cash flow to expand its asset portfolio and continue rewarding shareholders with dividends.

As it enters 2026, the company looks poised for continued success under updated leadership and a committed strategy to shareholder value. Franco-Nevada remains a pivotal investment opportunity within the precious metals sector, particularly appealing to investors seeking both stability and growth potential amidst market fluctuations.

For further details on dividends, the company’s robust financial standing, or to learn more about participation in the Dividend Reinvestment Plan, stakeholders are encouraged to visit Franco-Nevada’s official website. This article reflects the latest developments in a company that continues to shine as a significant player in the mining industry.