Sprott Inc. (SII) to Issue Quarterly Dividend of $0.30 on March 25th

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.30 per share on Tuesday, March 25th. This represents a $1.20 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, March 10th.

Sprott has raised its dividend by an average of 1.6% per year over the last three years. Sprott has a payout ratio of 55.6% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Performance

SII stock opened at $44.50 on Friday. The business’s 50-day moving average price is $42.73 and its two-hundred day moving average price is $43.07. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.15 billion, a PE ratio of 24.45 and a beta of 1.08. Sprott has a 1-year low of $34.51 and a 1-year high of $48.00.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12. The firm had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets assumed coverage on Sprott in a report on Friday. They issued an “outperform” rating on the stock. Canaccord Genuity Group assumed coverage on Sprott in a report on Tuesday, January 21st. They issued a “buy” rating on the stock.

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.