Sprott Inc. (SII) To Go Ex-Dividend on May 20th

Sprott Inc. (NYSE:SII) announced a quarterly dividend on Tuesday, May 6th, RTT News reports. Investors of record on Tuesday, May 20th will be given a dividend of 0.30 per share on Wednesday, June 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, May 20th.

Sprott has raised its dividend by an average of 1.6% per year over the last three years and has raised its dividend every year for the last 1 years. Sprott has a dividend payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Stock Up 0.2%

SII opened at $55.63 on Friday. The firm has a 50 day moving average price of $48.17 and a 200 day moving average price of $44.82. The company has a market cap of $1.44 billion, a PE ratio of 30.57 and a beta of 0.98. Sprott has a 1 year low of $38.41 and a 1 year high of $56.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.14. The firm had revenue of $37.38 million during the quarter, compared to the consensus estimate of $40.48 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Institutional Trading of Sprott

An institutional investor recently raised its position in Sprott stock. Royal Bank of Canada lifted its stake in shares of Sprott Inc. (NYSE:SII) by 29.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,878 shares of the company’s stock after buying an additional 24,763 shares during the quarter. Royal Bank of Canada owned approximately 0.43% of Sprott worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SII shares. Canaccord Genuity Group started coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a “buy” rating for the company. BMO Capital Markets began coverage on shares of Sprott in a research report on Friday, March 7th. They issued an “outperform” rating for the company.

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.