Sprott Power (SPZ) Announces Quarterly Dividend of $0.02
Sprott Power (TSE:SPZ) declared a quarterly dividend on Wednesday, March 20th. Stockholders of record on Tuesday, April 2nd will be given a dividend of $0.02 per share on Friday, April 12th. This represents a $0.07 dividend on an annualized basis and a yield of 5.51%.
A number of research firms have also recently commented on SPZ. Analysts at TD Securities raised their price target on shares of Sprott Power from $1.45 to $1.50 in a research note to investors on Tuesday, February 12th. They now have a “buy” rating on the stock. On a related note, analysts at CIBC reiterated an “outperform” rating on shares of Sprott Power in a research note to investors on Monday, February 11th. They now have a $1.40 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Sprott Power from $4.25 to $4.00 in a research note to investors on Friday, January 11th. They now have a “hold” rating on the stock.
Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sprott Power has a consensus rating of “Hold” and an average price target of $3.14.
Sprott Power (TSE: SPZ) remained flat at $1.16 during trading on Wednesday. Sprott Power has a 52-week low of $0.75 and a 52-week high of $1.37. The stock’s 50-day moving average is currently $1.15.
Sprott Power Corp., formerly First Asset PowerGen Fund, is a developer, owner and operator of renewable energy projects.
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