Sprott Inc. (TSE:SII) Declares Dividend Increase - $0.30 Per Share

Sprott Inc. (TSE:SII - Get Free Report) declared a quarterly dividend on Monday, November 18th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 3rd will be paid a dividend of 0.30 per share on Tuesday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Sprott's previous quarterly dividend of $0.25.

Sprott Stock Performance

TSE:SII traded up C$0.58 during trading hours on Thursday, reaching C$60.63. The company had a trading volume of 48,555 shares, compared to its average volume of 26,057. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of 27.94, a PEG ratio of -3.34 and a beta of 1.45. The company has a current ratio of 3.02, a quick ratio of 2.89 and a debt-to-equity ratio of 9.19. The firm's 50 day moving average price is C$59.21 and its 200-day moving average price is C$58.70. Sprott has a 52 week low of C$39.78 and a 52 week high of C$66.31.

Sprott (TSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.70 EPS for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. The company had revenue of C$65.66 million during the quarter. On average, analysts forecast that Sprott will post 3.2178828 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced their price target on shares of Sprott from C$74.00 to C$73.00 and set a "buy" rating for the company in a research report on Thursday.

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.