Franco-Nevada Corporation (FNV.TO) reported $0.31 earnings per share ( EPS ) for the third quarter, beating the consensus estimate by $0.01.
It declared an increased monthly dividend of $0.06 per share for each of January, February and March 2013, representing a 20% increase.
FNV also announced that it has entered into a purchase and sale agreement with Penn West (PWT.TO) - which is restructuring, selling assets, this week lost four exectives and is trading at year lows - to acquire an approximate 11.7% net royalty interest in the Weyburn Oil Unit For C$400 million in cash, prior to normal closing adjustments.
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