Sprott Inc. (NYSE:SII – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 16th will be given a dividend of $0.50 per share on Tuesday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, November 16th. This is a 25.0% increase from Sprott’s previous quarterly dividend of $0.40.
Sprott has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Sprott has a dividend payout ratio of 67.8% meaning its dividend is sufficiently covered by earnings.
Sprott Stock Up 3.1%
NYSE:SII opened at $105.44 on Wednesday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 25.84 and a beta of 0.96. Sprott has a twelve month low of $78.79 and a twelve month high of $169.63. The stock’s 50 day moving average price is $119.58 and its two-hundred day moving average price is $126.54.
Sprott (NYSE:SII – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.17). Sprott had a net margin of 26.36% and a return on equity of 28.40%.
Sprott Company Profile
Sprott Inc is an alternative asset manager focused on precious metals and other real assets. The company provides investment solutions designed to give investors exposure to gold, silver, uranium, energy transition materials, and natural resources.
Its offerings include exchange-traded funds, closed-end funds, physical bullion trusts, managed accounts, and private-market strategies. Sprott’s products may invest directly in physical commodities, resource companies, or assets connected to the natural resources and real asset sectors.
Founded in 1981, Sprott serves institutional and individual investors across North America and international markets.
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