Sprott Focus Trust, Inc. (NASDAQ:FUND) to Issue Quarterly Dividend of $0.13

Sprott Focus Trust, Inc. (NASDAQ:FUND) declared a quarterly dividend on Friday, September 6th, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.1301 per share by the financial services provider on Monday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend is Monday, September 16th. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Sprott Focus Trust has decreased its dividend by an average of 3.1% per year over the last three years.

Sprott Focus Trust Stock Performance

Shares of NASDAQ FUND traded down $0.11 during mid-day trading on Friday, reaching $7.51. 5,643 shares of the company were exchanged, compared to its average volume of 28,661. Sprott Focus Trust has a 52 week low of $6.75 and a 52 week high of $8.11. The company’s 50 day moving average price is $7.77 and its 200 day moving average price is $7.75.

Insider Buying and Selling

In other Sprott Focus Trust news, Portfolio Manager W Whitney George sold 15,621 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $7.39, for a total transaction of $115,439.19. Following the completion of the transaction, the portfolio manager now owns 263,151 shares of the company’s stock, valued at $1,944,685.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 48.90% of the stock is owned by insiders.

About Sprott Focus Trust

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.