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

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.30 per share on Tuesday, March 25th. This represents a $1.20 annualized dividend and a dividend yield of 2.79%.

Sprott has increased its dividend payment by an average of 1.6% annually over the last three years. Sprott has a dividend payout ratio of 54.8% meaning its dividend is sufficiently covered by earnings.

Sprott Price Performance

Shares of NYSE:SII traded up $0.28 during midday trading on Wednesday, reaching $43.07. 60,337 shares of the company were exchanged, compared to its average volume of 77,531. The stock has a market cap of $1.11 billion, a PE ratio of 23.70 and a beta of 1.08. The business’s fifty day moving average is $42.65 and its two-hundred day moving average is $43.01. Sprott has a one year low of $34.51 and a one year high of $48.00. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group started coverage on Sprott in a research report on Tuesday, January 21st. They set a “buy” rating for the company.

About Sprott

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.