Sprott Inc. (NYSE:SII) Increases Dividend to $0.30 Per Share

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Tuesday, November 5th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Sprott’s previous quarterly dividend of $0.25.

Sprott has raised its dividend by an average of 3.2% annually over the last three years. Sprott has a dividend payout ratio of 59.4% meaning its dividend is sufficiently covered by earnings.

Sprott Price Performance

Shares of NYSE:SII opened at $41.99 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The business’s 50 day simple moving average is $43.78 and its 200-day simple moving average is $43.09. Sprott has a 12 month low of $29.50 and a 12 month high of $48.00.

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.