Sprott Inc. (NYSE:SII) Increases Dividend to $0.50 Per Share

Key Points

• Sprott raised its quarterly dividend 25% to $0.50 per share, up from $0.40, for an annualized payout of $2.00 and a 1.9% yield.
• Shareholders of record on November 16 will be paid on December 1; the ex-dividend date is November 16. The dividend payout ratio is 67.8%, which the article says indicates the dividend is sufficiently covered by earnings.
• Sprott reported quarterly EPS of $0.86, missing analysts’ consensus estimate of $1.03 by $0.17.

Sprott Inc. (NYSE:SII - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.50 per share on Tuesday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, November 16th. This is a 25.0% increase from Sprott's previous quarterly dividend of $0.40.

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

Sprott Stock Performance

Shares of NYSE SII opened at $105.44 on Wednesday. Sprott has a fifty-two week low of $78.79 and a fifty-two week high of $169.63. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 25.84 and a beta of 0.96. The business's 50 day moving average price is $119.58 and its 200-day moving average price is $126.54.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.17). Sprott had a net margin of 26.36% and a return on equity of 28.40%.

Sprott Company Profile

Sprott Inc is an alternative asset manager focused on precious metals and other real assets. The company provides investment solutions designed to give investors exposure to gold, silver, uranium, energy transition materials, and natural resources.

Its offerings include exchange-traded funds, closed-end funds, physical bullion trusts, managed accounts, and private-market strategies. Sprott's products may invest directly in physical commodities, resource companies, or assets connected to the natural resources and real asset sectors.

Founded in 1981, Sprott serves institutional and individual investors across North America and international markets.

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