Sprott Inc. (NYSE:SII - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Tuesday, May 21st will be paid a dividend of 0.25 per share on Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, May 20th.
Sprott has raised its dividend by an average of 3.2% annually over the last three years. Sprott has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings.
Sprott Price Performance
Shares of NYSE:SII traded down $0.29 during midday trading on Wednesday, reaching $40.67. The company's stock had a trading volume of 154,507 shares, compared to its average volume of 87,883. Sprott has a fifty-two week low of $28.04 and a fifty-two week high of $42.43. The company has a market capitalization of $1.05 billion, a P/E ratio of 24.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10. The business's fifty day simple moving average is $38.28 and its 200-day simple moving average is $35.08.
Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.09). The business had revenue of $36.67 million during the quarter. Sprott had a net margin of 27.34% and a return on equity of 14.19%.
Wall Street Analysts Forecast Growth
Separately, TheStreet upgraded Sprott from a "c+" rating to a "b-" rating in a research report on Thursday, January 18th.
Read Our Latest Research Report on Sprott
About Sprott
(
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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.
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