Sprott Inc. (NYSE:SII) Plans $0.25 Quarterly Dividend

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.25 per share on Wednesday, June 5th. This represents a $1.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Monday, May 20th.

Sprott has increased its dividend by an average of 3.2% annually over the last three years. Sprott has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Down 0.7 %

Shares of NYSE:SII opened at $40.67 on Thursday. Sprott has a 52 week low of $28.04 and a 52 week high of $42.43. 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 company has a market capitalization of $1.05 billion, a PE ratio of 24.65 and a beta of 1.08. The company has a 50 day moving average price of $38.28 and a two-hundred day moving average price of $35.08.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, February 21st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.09). Sprott had a net margin of 27.34% and a return on equity of 14.19%. The firm had revenue of $36.67 million during the quarter.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Sprott from a “c+” rating to a “b-” rating in a research note on Thursday, January 18th.

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.