Sprott Inc. Announces Quarterly Dividend of $0.40 (NYSE:SII)

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, August 4th. Investors 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 1.5%. The ex-dividend date of this dividend is Monday, August 17th.

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

Sprott Stock Up 0.6%

SII stock opened at $104.69 on Wednesday. Sprott has a 52 week low of $61.94 and a 52 week high of $169.63. The company has a fifty day simple moving average of $114.55 and a two-hundred day simple moving average of $129.44. The firm has a market capitalization of $2.69 billion, a P/E ratio of 32.02 and a beta of 0.83.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.20. The firm had revenue of $80.75 million for the quarter, compared to the consensus estimate of $78.06 million. Sprott had a net margin of 21.99% and a return on equity of 23.54%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SII shares. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. TD Securities restated a “hold” rating on shares of Sprott in a research report on Thursday, May 7th. Royal Bank Of Canada raised their price objective on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings downgraded Sprott from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Sprott Company Profile

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.