Sprott Inc. (SII) To Go Ex-Dividend on November 17th

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Monday, November 17th will be given a dividend of 0.40 per share on Tuesday, December 2nd. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. This is a 33.3% increase from Sprott’s previous quarterly dividend of $0.30.

Sprott has a dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings.

Sprott Price Performance

Shares of Sprott stock opened at $83.96 on Thursday. The firm has a market cap of $2.17 billion, a P/E ratio of 43.50 and a beta of 0.95. The firm has a 50 day simple moving average of $77.97 and a 200 day simple moving average of $68.25. Sprott has a fifty-two week low of $39.33 and a fifty-two week high of $89.58.

Sprott (NYSE:SII) last released its earnings results on Wednesday, November 5th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $49.18 million during the quarter, compared to the consensus estimate of $49.71 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

About Sprott

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.