Franco-Nevada Declares Dividend Increase and Provides Details for Upcoming Release of Year-End 2024 Results
NEWS RELEASE
Toronto, January 29, 2025
Franco-Nevada Declares Dividend Increase and Provides
Details for Upcoming Release of Year-End 2024 Results
Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) is pleased to announce that its Board of Directors has
raised its quarterly dividend and declared a quarterly dividend of US$0.38 per share payable on March 27, 2025 to
shareholders of record on March 13, 2025 (the “Record Date”). The increased dividend will be effective for the full 2025
fiscal year. This is a 5.56% increase from the previous US$0.36 per share quarterly dividend and marks the 18th
consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada’s IPO in December
2007 are now receiving an effective 13.7% yield on their cost base.
Details for Upcoming Release of 2024 Year-End Results
Franco-Nevada will report its 2024 year-end results as follows:
2024 Results Release: March 10th before market open
Conference Call and Webcast: March 10th 10:00 am ET
Dial-in Numbers: Toll-Free: 1-888-510-2154
International: 437-900-0527
Conference Call URL (This allows participants to join
the conference call by phone without operator assistance.
Participants will receive an automated call back after
entering their name and phone number):
bit.ly/42qqj9w
Webcast: www.franco-nevada.com
Replay (available until March 17th): Toll-Free: 1-888-660-6345
International: 289-819-1450
Passcode: 70370#
Details for Dividend Declaration and Dividend Reinvestment Plan
The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will 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”) which allows shareholders of Franco-Nevada to reinvest
dividends to purchase additional common shares at the Average Market Price, as defined in the DRIP, subject to a discount
from the Average Market Price in the case of treasury acquisitions. The Company will issue additional common shares through
treasury at a 1% discount to the Average Market Price. 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. Participation in the DRIP is optional. 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/franco-nevada. Canadian and U.S. beneficial shareholders should contact their financial intermediary
to arrange enrollment. Non-Canadian and non-U.S. shareholders may potentially 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 for 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.
Corporate Summary
Franco-Nevada Corporation is among the leading gold-focused royalty and streaming companies with the most diversified
portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while
limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay
dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges.
For more information, please visit our website at www.franco-nevada.com or contact:
Sandip Rana
Chief Financial Officer
416-306-6303