Sprott Inc. (NYSE:SII) Plans Quarterly Dividend of $0.30

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Monday, November 18th will be paid a dividend of 0.30 per share on Tuesday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Sprott’s previous quarterly dividend of $0.25.

Sprott has increased its dividend payment by an average of 3.2% per year over the last three years. Sprott has a dividend payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings.

Sprott Stock Down 5.1 %

NYSE:SII traded down $2.31 on Wednesday, reaching $43.13. 297,095 shares of the stock traded hands, compared to its average volume of 109,774. The company’s fifty day simple moving average is $43.36 and its 200 day simple moving average is $42.94. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.96 and a beta of 1.09. Sprott has a 12 month low of $28.70 and a 12 month high of $48.00. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.10.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $47.99 million during the quarter. Sprott had a net margin of 26.46% and a return on equity of 13.50%.

About Sprott

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.