Franco-Nevada (FNV) boosts dividend 16% and names Tom Albanese future chair
Rhea-AI Filing Summary
Franco-Nevada Corporation has raised its quarterly dividend to US$0.44 per share, payable on March 26, 2026 to shareholders of record on March 12, 2026. This represents an approximate 16% increase from the prior US$0.38 dividend and marks the company’s 19th consecutive annual dividend increase. The higher dividend is intended to apply to all four quarters of the 2026 fiscal year, and Canadian investors who bought in the December 2007 IPO are now receiving an effective 16.1% yield on their original cost base.
The company also advanced its board succession plans. Effective as of May 12, 2026, the board intends to appoint founder and former CEO David Harquail as Chair Emeritus and to name Tom Albanese, currently Lead Independent Director and a seasoned mining executive, as independent non-executive Chair. Franco-Nevada confirmed details of its Dividend Reinvestment Plan, under which it will issue treasury shares at a 1% discount to the Average Market Price for participating shareholders.
Positive
- 16% dividend increase and long growth streak: Quarterly dividend rises to US$0.44 per share, about 16% above US$0.38, marking the 19th consecutive annual increase and reinforcing a strong income-growth record.
Negative
- None.
Insights
Franco-Nevada boosts its dividend 16% and formalizes board chair succession for 2026.
Franco-Nevada has declared a quarterly dividend of
The filing also outlines leadership changes effective
The Dividend Reinvestment Plan remains an additional feature: the company will issue treasury shares at a
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026
Commission File Number 001-35286
FRANCO-NEVADA CORPORATION
(Translation of registrant’s name into English)
199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, Ontario, Canada M5L 1G9
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F ☐ | Form 40-F ☒ |
INDEX TO EXHIBITS
99.1 | News Release dated January 26, 2026 — Franco-Nevada Declares 19th Consecutive Annual Dividend Increase and Announces Chair Succession Plans |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| FRANCO-NEVADA CORPORATION |
| |
| |
| /s/ Lloyd Hong |
Date: January 26, 2026 | Lloyd Hong |
| |
| Chief Legal Officer & Corporate Secretary |
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Exhibit 99.1
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|
NEWS RELEASE |
NEWS RELEASE
Toronto, January 26, 2026
(in U.S. dollars unless otherwise noted)
Franco-Nevada Declares 19th Consecutive Annual Dividend Increase and Announces Chair Succession Plans
Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) (TSX & NYSE: FNV) is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of US$0.44 per share payable on March 26, 2026 to shareholders of record on March 12, 2026 (the “Record Date”). This increased quarterly dividend is intended to be applied to all four quarters for the full 2026 fiscal year. This is an approximate 16% increase from the previous US$0.38 per share quarterly dividend and marks the 19th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada’s IPO in December 2007 are now receiving an effective 16.1% yield on their cost base. Further dividend details are provided below.
The board of Franco-Nevada Corporation continues to advance its succession planning and board renewal. The board has now made the following decisions:
David Harquail as Chair Emeritus Designate
Effective as of the May 12th, 2026 AGM the board intends to appoint David Harquail as Chair Emeritus. David served as a founder and CEO of Franco-Nevada from its IPO in 2007 and from 2020 to date has served as non-executive Chair of its board of directors. Under his leadership, Franco-Nevada has had an outstanding track record of creating value for its shareholders.
Tom Albanese as Chair Designate
Effective as of the May 12th, 2026 AGM the board intends to appoint Tom Albanese as the independent non-executive Chair of its board of directors. Tom currently serves as the Lead Independent Director of Franco-Nevada. He is a seasoned mining executive including prior CEO roles at both Rio Tinto Plc. and Vedanta Resources Plc and many corporate director positions.
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 the leading gold-focused royalty and streaming company with the largest and 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. Franco-Nevada is the gold investment that works.
For more information, please go to our website at www.franco-nevada.com or contact:
Sandip Rana | | | |
Chief Financial Officer | | | |
416-306-6303 | | | |
info@franco-nevada.com | | | |
FAQ
What dividend did Franco-Nevada (FNV) just declare?
Franco-Nevada declared a quarterly dividend of US$0.44 per share, payable on March 26, 2026 to shareholders of record on March 12, 2026. The company intends to apply this rate to all four quarters of the 2026 fiscal year.
How much did Franco-Nevada (FNV) increase its dividend by?
The new quarterly dividend of US$0.44 per share represents an approximate 16% increase from the prior US$0.38 per share. This continues Franco-Nevada’s streak of 19 consecutive annual dividend increases.
What chair succession changes did Franco-Nevada (FNV) announce?
Effective as of May 12, 2026, the board intends to appoint David Harquail as Chair Emeritus and Tom Albanese as the independent non-executive Chair. Harquail is a founder and former CEO, while Albanese currently serves as Lead Independent Director.
How does Franco-Nevada’s dividend reinvestment plan (DRIP) work?
Franco-Nevada’s DRIP allows shareholders to reinvest dividends into additional common shares at the Average Market Price, with the company currently issuing treasury shares at a 1% discount. Participation is optional, and Canadian and U.S. registered shareholders can enroll via the plan agent’s web portal or through their intermediaries.
What yield are early Franco-Nevada (FNV) investors receiving now?
The company states that Canadian investors who bought shares in its December 2007 IPO are now receiving an effective 16.1% yield on their original cost base, reflecting significant dividend growth over time.
Is Franco-Nevada (FNV) leveraging its balance sheet to pay dividends?
Franco-Nevada describes itself as debt-free and indicates that it uses its free cash flow to both expand its portfolio and pay dividends, highlighting a cash-flow-based dividend policy.
