March 24, 2011 / 10:39 PM / 6 years ago

UPDATE 1-Franco Nevada's Q4 profit beats view, ups dividend by 60 pct

* Q4 adj EPS $0.22 vs est $0.21

* Q4 rev down 5 pct to $76.1 mln

* Raises monthly div by 60 pct to $0.04/share

March 24 (Reuters) - Canada’s Gold-focused royalty company Franco-Nevada Corp posted a better-than-expected quarterly profit, helped by a 57 percent jump in royalty revenue, and said it will raise its monthly dividend 60 percent.

The company, which will pay a dividend of 4 cents a share from July, expects 2011 revenue of $325-$350 million, with about 85-90 percent coming from precious metal assets.

Fourth-quarter net income was $20.9 million, or 18 cents a share, compared with $30.6 million, or 36 cents per share, a year ago.

Adjusted net income was 22 cents apiece, up from 20 cents a share last year.

Total revenue fell 5 percent to $76.1 million.

Analysts, on average, were expecting the company to earn 21 cents a share, on revenue of $65.8 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at C$35.93 on Thursday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar; Editing by Joyjeet Das) (abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net)

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