Sprott Inc. Declares Quarterly Dividend of $0.40 (NYSE:SII)

Key Points

• Sprott declared a quarterly dividend of $0.40 per share, payable June 3 to shareholders of record May 19 (ex-dividend May 19), with an implied annualized yield of 1.3% and a payout ratio of 67.8% indicating the dividend is covered by earnings.
• Quarterly results showed an EPS beat — Sprott reported $1.11 EPS versus $0.53 expected, with a 23.6% net margin and 19.5% ROE, although revenue missed consensus at $61.7M versus $69.1M.
• Shares slipped to $127.00 on the day, trading below the 50-day average ($145.66) but above the 200-day ($116.76); the stock has a 52-week range of $51.80–$169.63, a market cap of ~$3.27B and a PE of 48.85.

Sprott Inc. (NYSE:SII - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.40 per share on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 19th.

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

Sprott Price Performance

Shares of Sprott stock traded down $3.61 on Tuesday, reaching $127.00. 137,369 shares of the company traded hands, compared to its average volume of 241,734. Sprott has a 52 week low of $51.80 and a 52 week high of $169.63. The company has a 50 day moving average of $145.66 and a 200 day moving average of $116.76. The firm has a market capitalization of $3.27 billion, a PE ratio of 48.85 and a beta of 0.78.

Sprott (NYSE:SII - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.58. Sprott had a net margin of 23.62% and a return on equity of 19.47%. The firm had revenue of $61.70 million during the quarter, compared to the consensus estimate of $69.12 million.

Sprott Company Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott's product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.

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