Sprott Inc. (SII) to Issue Quarterly Dividend of $0.30 on December 3rd

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Monday, November 18th will be given a dividend of 0.30 per share on Tuesday, December 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Monday, November 18th. This is a positive change from Sprott’s previous quarterly dividend of $0.25.

Sprott has raised its dividend payment by an average of 3.2% per year over the last three years. Sprott has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings.

Sprott Price Performance

Shares of SII stock opened at $43.13 on Thursday. The firm’s 50 day moving average price is $43.36 and its two-hundred day moving average price is $42.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.02 and a current ratio of 3.02. Sprott has a 52-week low of $28.70 and a 52-week high of $48.00. The stock has a market cap of $1.12 billion, a PE ratio of 26.96 and a beta of 1.09.

Sprott (NYSE:SII) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $47.99 million for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.