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

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.40 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, March 2nd.

Sprott has a payout ratio of 67.8% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Up 2.7%

Shares of Sprott stock traded up $3.30 during mid-day trading on Thursday, reaching $127.29. 42,661 shares of the stock traded hands, compared to its average volume of 258,563. The business has a 50-day moving average of $112.07 and a 200 day moving average of $90.33. The stock has a market capitalization of $3.28 billion, a PE ratio of 65.28 and a beta of 1.02. Sprott has a fifty-two week low of $39.33 and a fifty-two week high of $143.00.

Wall Street Analysts Forecast Growth

SII has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Sprott in a research report on Wednesday, December 10th. They issued a “sector perform” rating and a $132.00 target price on the stock. TD Securities reissued a “hold” rating on shares of Sprott in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.00.

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.