Will Franco-Nevada Raise Its Dividend in 2018?
Dividend investors don't like risks, and the mining sector is one in which many companies avoid paying dividends in order to preserve cash for inevitable problems that arise. Franco-Nevada (NYSE: FNV) has taken a different angle at making money in the precious metals and energy sector, choosing not to mine or drill itself but rather to provide financing to partners in those industries. Franco-Nevada's streaming and royalty model gives it a return that's connected to the prospects of natural resources, but it does so in a way that limits risk and allows the company to focus on its core strengths.
Even though Franco-Nevada always has promising uses for its cash, the company also has a commitment to dividend investors. For a decade, the streaming giant has managed to give shareholders annual increases in dividend payments. Yet with new opportunities for investment ahead, could Franco-Nevada reverse course on its friendly dividend policy in 2018? Let's take a closer look at Franco-Nevada with an eye toward deciding whether investors are likely to get another boost to their payout in 2018.
Current Quarterly Dividend Per Share
Source: Fool.com
Franco-Nevada Corp. Stock
The community is currently still undecided about Franco-Nevada Corp. with 2 Buy predictions and 0 Sell predictions.
With a target price of 120 € there is a slightly positive potential of 6.95% for Franco-Nevada Corp. compared to the current price of 112.2 €.
