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

Sprott Inc. (NYSE:SII) announced 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 is Monday, November 18th. This is a boost 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 59.4% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Up 0.2 %

Shares of NYSE SII opened at $41.99 on Friday. Sprott has a 52-week low of $29.50 and a 52-week high of $48.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The business has a fifty day moving average of $43.78 and a two-hundred day moving average of $43.06. The stock has a market cap of $1.09 billion, a PE ratio of 23.07 and a beta of 1.09.

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.