RE:re 5% div is it not more like 2%??? "
Dividend Declaration
Franco-Nevada is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.21 per share. The dividend will be paid on September 24, 2015 to shareholders of record on September 10, 2015. The Canadian dollar equivalent is determined based on the noon rate posted by the Bank of Canada on August 7, 2015. The dividend has been designated as an "eligible dividend" for the purposes of applicable Canadian federal and provincial tax rules. 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 adopted a Dividend Reinvestment Plan ("DRIP") commencing with the October 2013 dividend. Participation in the DRIP is optional. The Company will issue the additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP. "
Read more at https://www.stockhouse.com/news/press-releases/2015/08/10/franco-nevada-reports-q2-2015-results-and-declares-quarterly-dividend#Gkze1KumELetd7cC.99