Sprott Focus Trust (NASDAQ:FUND) announced a quarterly dividend on Thursday, December 6th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.129 per share by the financial services provider on Friday, December 28th. This represents a $0.52 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Thursday, December 13th.
Sprott Focus Trust has raised its dividend by an average of 7.5% per year over the last three years.
Shares of Sprott Focus Trust stock opened at $6.43 on Friday. Sprott Focus Trust has a 1 year low of $6.43 and a 1 year high of $8.39.
In related news, insider W Whitney George bought 100,000 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was acquired at an average cost of $7.34 per share, for a total transaction of $734,000.00. Following the completion of the transaction, the insider now directly owns 4,861,518 shares in the company, valued at approximately $35,683,542.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink
. Over the last quarter, insiders have acquired 293,438 shares of company stock valued at $2,072,212. 32.15% of the stock is currently owned by company insiders.
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Sprott Focus Trust Company Profile
There is no company description available for Sprott Focus Trust Inc.
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