Sprott Inc. (TSE:SII) Increases Dividend to $0.30 Per Share

Sprott Inc. (TSE:SII) declared a quarterly dividend on Tuesday, November 5th, TickerTech reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.30 per share on Tuesday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, November 18th. This is a positive change from Sprott’s previous quarterly dividend of $0.25.

Sprott Stock Performance

Shares of TSE SII traded up C$0.61 during mid-day trading on Thursday, hitting C$60.66. The company had a trading volume of 2,478 shares, compared to its average volume of 25,843. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 27.42, a PEG ratio of -3.34 and a beta of 1.45. Sprott has a 12 month low of C$39.78 and a 12 month high of C$66.31. The company has a debt-to-equity ratio of 9.19, a current ratio of 3.02 and a quick ratio of 2.89. The firm’s 50 day simple moving average is C$59.21 and its two-hundred day simple moving average is C$58.70.

Sprott (TSE:SII) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.70 earnings per share (EPS) for the quarter. The business had revenue of C$65.66 million for the quarter. Sprott had a return on equity of 12.85% and a net margin of 22.68%. As a group, equities research analysts forecast that Sprott will post 3.2178828 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, TD Securities cut their target price on Sprott from C$68.00 to C$65.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

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.