Sprott Inc. (SII) to Issue Quarterly Dividend of $0.03

Sprott Inc. (TSE:SII) declared a quarterly dividend on Friday, November 16th, TickerTech reports. Investors of record on Tuesday, December 4th will be given a dividend of 0.03 per share on Tuesday, December 4th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 16th.

Shares of SII stock opened at C$3.09 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.89 and a debt-to-equity ratio of 1.50. Sprott has a 12 month low of C$2.18 and a 12 month high of C$3.62.

Sprott (TSE:SII) last announced its quarterly earnings results on Monday, August 13th. The company reported C$0.02 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.01). The business had revenue of C$26.61 million for the quarter. Analysts forecast that Sprott will post 0.139999996351792 EPS for the current year.

A number of analysts have commented on the stock. Desjardins decreased their price target on shares of Sprott from C$3.00 to C$2.75 in a research note on Tuesday, August 14th. Royal Bank of Canada decreased their price target on shares of Sprott from C$3.25 to C$2.75 and set an “underperform” rating for the company in a research note on Tuesday, August 14th.

In other Sprott news, Director Arthur Avi Einav sold 78,967 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of C$3.27, for a total transaction of C$258,222.09.

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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.

Further Reading: S&P 500 Index

Dividend History for Sprott (TSE:SII)

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