Sprott Inc. (NYSE:SII – Get Free Report) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.25 per share on Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Monday, August 19th.
Sprott has raised its dividend by an average of 3.2% annually over the last three years.
Sprott Stock Performance
Shares of SII stock traded down $0.93 on Wednesday, hitting $39.33. The company had a trading volume of 177,681 shares, compared to its average volume of 111,154. The firm has a market cap of $1.02 billion, a P/E ratio of 21.97 and a beta of 1.10. The company has a 50-day moving average price of $43.25 and a 200-day moving average price of $40.44. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. Sprott has a twelve month low of $28.04 and a twelve month high of $47.30.
Wall Street Analyst Weigh In
Separately, TD Securities upgraded Sprott from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.
View Our Latest Analysis on SII
Sprott Company Profile
Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.
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