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

Key Points

• Sprott Inc. announced a quarterly dividend of $0.30 per share, with shareholders of record set to receive payments on September 2nd, representing an annual yield of 1.8%.
• The company's earnings report revealed earnings per share of $0.52 for the quarter, exceeding expectations, although revenue fell short of the consensus estimate.
• Sprott's stock is currently experiencing a slight decline and has recently been downgraded from "buy" to "hold" by TD Securities.

Sprott Inc. (NYSE:SII - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Monday, August 18th will be given 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% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Performance

NYSE SII traded down $0.06 on Friday, reaching $67.05. 166,475 shares of the company's stock traded hands, compared to its average volume of 225,873. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 34.74 and a beta of 1.04. The stock has a 50 day moving average price of $67.53 and a 200-day moving average price of $54.41. Sprott has a fifty-two week low of $38.44 and a fifty-two week high of $77.16.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The company had revenue of $41.97 million during the quarter, compared to the consensus estimate of $44.66 million. Sprott had a net margin of 25.21% and a return on equity of 15.04%.

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.