Sprott Inc. (NYSE:SII – Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Tuesday, May 21st will be given a dividend of 0.25 per share on Wednesday, June 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, May 20th.
Sprott has raised its dividend payment by an average of 3.2% per year over the last three years. Sprott has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings.
Sprott Trading Down 0.7 %
SII opened at $40.67 on Thursday. The firm’s fifty day moving average is $38.28 and its two-hundred day moving average is $35.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $1.05 billion, a PE ratio of 24.65 and a beta of 1.08. Sprott has a twelve month low of $28.04 and a twelve month high of $42.43.
Analysts Set New Price Targets
Separately, TheStreet upgraded shares of Sprott from a “c+” rating to a “b-” rating in a research note on Thursday, January 18th.
Check Out Our Latest Research Report on SII
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.
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