Sprott Inc. (NYSE:SII) to Issue $0.30 Quarterly Dividend

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.30 per share on Tuesday, March 25th. This represents a $1.20 annualized dividend and a yield of 2.79%.

Sprott has raised its dividend by an average of 1.6% per year over the last three years. Sprott has a dividend payout ratio of 54.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Stock Performance

Shares of SII stock traded up $0.28 during mid-day trading on Wednesday, reaching $43.07. 60,337 shares of the company’s stock traded hands, compared to its average volume of 77,531. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The firm has a market capitalization of $1.11 billion, a PE ratio of 23.70 and a beta of 1.08. Sprott has a 12 month low of $34.51 and a 12 month high of $48.00. The firm has a 50 day moving average price of $42.65 and a two-hundred day moving average price of $43.01.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating on the stock.

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.