Sprott Inc. (NYSE:SII - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.30 per share on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th.
Sprott has a dividend payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings.
Sprott Trading Down 1.3%
SII traded down $0.87 during midday trading on Wednesday, hitting $67.71. The company's stock had a trading volume of 607,325 shares, compared to its average volume of 169,428. Sprott has a 52-week low of $38.44 and a 52-week high of $77.16. The firm has a 50-day moving average price of $66.99 and a two-hundred day moving average price of $53.83. The firm has a market cap of $1.75 billion, a P/E ratio of 35.27 and a beta of 1.04.
Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.14. Sprott had a return on equity of 15.34% and a net margin of 27.53%. The company had revenue of $41.97 million during the quarter, compared to the consensus estimate of $44.66 million.
Analysts Set New Price Targets
Separately, TD Securities downgraded Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd.
View Our Latest Analysis on SII
Sprott Company Profile
(
Get Free Report)
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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