Sprott Inc. (SII) To Go Ex-Dividend on August 17th

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.40 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th.

Sprott has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Sprott has a dividend payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Price Performance

Shares of NYSE:SII opened at $115.36 on Thursday. The company has a 50 day moving average of $114.30 and a 200-day moving average of $129.44. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 35.28 and a beta of 0.83. Sprott has a one year low of $61.94 and a one year high of $169.63.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, August 5th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). Sprott had a return on equity of 23.54% and a net margin of 21.99%.The company had revenue of $71.78 million for the quarter, compared to the consensus estimate of $82.45 million. During the same quarter last year, the business posted $0.52 EPS.

Institutional Investors Weigh In On Sprott

Several large investors have recently modified their holdings of SII. Sprott Inc. grew its position in Sprott by 0.9% in the 4th quarter. Sprott Inc. now owns 1,661,137 shares of the company’s stock valued at $162,659,000 after purchasing an additional 15,555 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Sprott by 19.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,515,002 shares of the company’s stock valued at $148,349,000 after purchasing an additional 245,173 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Sprott by 88.1% during the 4th quarter. Capital Research Global Investors now owns 991,339 shares of the company’s stock worth $97,101,000 after buying an additional 464,177 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sprott by 45.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 713,468 shares of the company’s stock worth $69,872,000 after buying an additional 224,490 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Sprott by 82.3% in the fourth quarter. Vanguard Group Inc. now owns 573,923 shares of the company’s stock valued at $56,215,000 after buying an additional 259,112 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

About Sprott

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.