Sprott Inc. (SII) To Go Ex-Dividend on May 19th

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.40 per share on Wednesday, June 3rd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th.

Sprott has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Sprott has a payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Trading Down 5.4%

Shares of NYSE SII opened at $128.91 on Friday. Sprott has a 12 month low of $55.22 and a 12 month high of $169.63. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 39.42 and a beta of 0.78. The business has a 50-day moving average of $142.24 and a 200-day moving average of $120.05.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.93 by $0.20. The company had revenue of $80.75 million during the quarter, compared to analyst estimates of $78.06 million. Sprott had a return on equity of 23.54% and a net margin of 21.99%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SII. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada increased their target price on shares of Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, TD Securities reaffirmed a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $230.00.

Sprott Company Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.