Sprott Inc. (NYSE:SII) Raises Dividend to $0.30 Per Share

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Wednesday, November 6th, Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.30 per share on Tuesday, December 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, November 18th. This is a boost from Sprott’s previous quarterly dividend of $0.25.

Sprott has increased its dividend by an average of 3.2% per year over the last three years. Sprott has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings.

Sprott Stock Performance

SII stock traded down $2.31 on Wednesday, hitting $43.13. The company’s stock had a trading volume of 294,191 shares, compared to its average volume of 109,760. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 28.42 and a beta of 1.09. Sprott has a 1 year low of $28.70 and a 1 year high of $48.00. The firm has a 50 day moving average of $43.29 and a two-hundred day moving average of $42.91.

Sprott (NYSE:SII) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%. The business had revenue of $47.99 million during the quarter.

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.