Sprott Inc. (TSE:SII) to Issue Quarterly Dividend of $0.30

Sprott Inc. (TSE:SII) announced a quarterly dividend on Monday, November 18th,TickerTech Dividends reports. Investors of record on Tuesday, December 3rd 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 2.03%. 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 Price Performance

SII opened at C$59.09 on Friday. The firm has a 50-day moving average price of C$59.93 and a 200-day moving average price of C$58.95. Sprott has a twelve month low of C$40.74 and a twelve month high of C$66.31. The company has a quick ratio of 2.89, a current ratio of 3.02 and a debt-to-equity ratio of 9.19. The company has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 26.98, a PEG ratio of -3.34 and a beta of 1.45.

Wall Street Analyst Weigh In

Separately, TD Securities reduced their price objective on shares of Sprott from C$74.00 to C$73.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

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.