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

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Tuesday, May 7th, 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 annualized dividend and a dividend yield of 2.43%. 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 payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Performance

Sprott stock traded up $0.55 during mid-day trading on Thursday, hitting $41.22. 69,042 shares of the company’s stock traded hands, compared to its average volume of 87,635. Sprott has a fifty-two week low of $28.04 and a fifty-two week high of $42.43. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 24.65 and a beta of 1.08. The firm has a 50 day simple moving average of $38.28 and a two-hundred day simple moving average of $35.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10.

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

Analyst Upgrades and Downgrades

Separately, TheStreet raised Sprott from a “c+” rating to a “b-” rating in a research report 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.