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

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Monday, November 18th will be paid a dividend of 0.30 per share on Tuesday, December 3rd. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, November 18th. This is an increase from Sprott’s previous quarterly dividend of $0.25.

Sprott has raised its dividend payment by an average of 3.2% annually over the last three years. Sprott has a dividend payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings.

Sprott Stock Performance

SII traded down $2.31 during mid-day trading on Wednesday, reaching $43.13. 297,095 shares of the company traded hands, compared to its average volume of 109,774. The company’s fifty day moving average price is $43.36 and its 200-day moving average price is $42.94. The stock has a market capitalization of $1.12 billion, a P/E ratio of 26.96 and a beta of 1.09. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.10. Sprott has a 52-week low of $28.70 and a 52-week high of $48.00.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%. The company had revenue of $47.99 million during the quarter.

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.