Sprott Inc. (SII) To Go Ex-Dividend on August 17th

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, August 4th. Shareholders 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 1.4%. The ex-dividend date of this dividend is Monday, August 17th.

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

Sprott Price Performance

SII stock opened at $116.91 on Friday. The firm’s fifty day simple moving average is $112.60 and its 200-day simple moving average is $129.08. The company has a market capitalization of $3.01 billion, a P/E ratio of 28.65 and a beta of 0.83. Sprott has a 12 month low of $61.94 and a 12 month high of $169.63.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, August 5th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.01). The business had revenue of $71.78 million for the quarter, compared to analysts’ expectations of $82.45 million. Sprott had a return on equity of 28.40% and a net margin of 26.36%.During the same period last year, the business earned $0.52 EPS.

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.