Sprott Inc. Declares Quarterly Dividend of $0.30 (NYSE:SII)

Sprott Inc. (NYSE:SII - Get Free Report) 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 dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, March 10th.

Sprott has increased its dividend payment 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 Up 0.5 %

SII traded up $0.22 on Friday, hitting $42.47. 104,500 shares of the company were exchanged, compared to its average volume of 81,826. Sprott has a twelve month low of $34.51 and a twelve month high of $48.00. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 23.33 and a beta of 1.08. 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 50-day moving average price of $42.69 and a two-hundred day moving average price of $43.02.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.12. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The business had revenue of $36.80 million during the quarter, compared to the consensus estimate of $38.45 million.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group started coverage on shares of Sprott in a report on Tuesday, January 21st. They set a "buy" rating for the company.

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.