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

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.30 per share on Tuesday, March 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, March 10th.

Sprott has raised its dividend by an average of 1.6% annually over the last three years. Sprott has a dividend payout ratio of 54.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Price Performance

Shares of SII stock opened at $43.70 on Thursday. The firm has a market cap of $1.13 billion, a P/E ratio of 24.01 and a beta of 1.08. Sprott has a fifty-two week low of $34.51 and a fifty-two week high of $48.00. The business’s 50 day moving average price is $42.69 and its 200-day moving average price is $43.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group started coverage on Sprott in a research report on Tuesday, January 21st. They issued a “buy” rating on the stock.

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.