Sprott Inc. Announces Quarterly Dividend of $0.25 (NYSE:SII)

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.25 per share on Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, May 20th.

Sprott has raised its dividend payment by an average of 3.2% annually over the last three years. Sprott has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Performance

Shares of NYSE SII traded down $0.36 during trading on Wednesday, reaching $40.60. The stock had a trading volume of 126,944 shares, compared to its average volume of 87,499. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. Sprott has a one year low of $28.04 and a one year high of $42.43. The firm’s 50 day moving average price is $38.22 and its two-hundred day moving average price is $35.00. The stock has a market cap of $1.05 billion, a PE ratio of 24.82 and a beta of 1.08.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.09). Sprott had a net margin of 27.34% and a return on equity of 14.19%. The business had revenue of $36.67 million for the quarter.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Sprott from a “c+” rating to a “b-” rating in a research note on Thursday, January 18th.

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.