Sprott Inc. (SII) to Issue Quarterly Dividend of $0.50 on December 1st

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.50 per share on Tuesday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 16th. This is a 25.0% increase from Sprott’s previous quarterly dividend of $0.40.

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

Sprott Price Performance

Sprott stock opened at $112.95 on Thursday. The stock’s 50 day moving average price is $119.08 and its 200 day moving average price is $126.52. The company has a market cap of $2.90 billion, a PE ratio of 27.69 and a beta of 0.96. Sprott has a 1-year low of $78.79 and a 1-year high of $169.63.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, November 4th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.17). The company had revenue of $66.88 million for the quarter, compared to analysts’ expectations of $72.67 million. Sprott had a return on equity of 28.40% and a net margin of 26.36%.

Key Stories Impacting Sprott

Here are the key news stories impacting Sprott this week:

• Positive Sentiment: Sprott raised its quarterly dividend 25%, to US$0.50 per share from US$0.40. The dividend is payable December 1 to shareholders of record November 16. Sprott announces dividend increase
• Negative Sentiment: Third-quarter earnings per share were $0.86, below the $1.03 analyst consensus. Sprott reported a 26.36% net margin and 28.40% return on equity, but the EPS miss could weigh on sentiment. Sprott third-quarter results

Sprott Company Profile

Sprott Inc is an alternative asset manager focused on precious metals and other real assets. The company provides investment solutions designed to give investors exposure to gold, silver, uranium, energy transition materials, and natural resources.

Its offerings include exchange-traded funds, closed-end funds, physical bullion trusts, managed accounts, and private-market strategies. Sprott’s products may invest directly in physical commodities, resource companies, or assets connected to the natural resources and real asset sectors.

Founded in 1981, Sprott serves institutional and individual investors across North America and international markets.