Sprott Inc. (SII) to Issue Quarterly Dividend of $0.30 on June 4th

Sprott Inc. (TSE:SII) declared a quarterly dividend on Tuesday, May 20th, TickerTech Dividends reports. Investors of record on Wednesday, June 4th will be paid a dividend of 0.30 per share on Wednesday, June 4th. This represents a $1.20 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, May 20th.

Sprott Price Performance

Shares of SII stock opened at C$77.76 on Friday. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 30.30, a PEG ratio of -3.34 and a beta of 1.45. The stock has a 50-day moving average price of C$67.68 and a 200 day moving average price of C$63.51. The company has a quick ratio of 2.89, a current ratio of 3.30 and a debt-to-equity ratio of 5.65. Sprott has a 12 month low of C$52.20 and a 12 month high of C$78.97.

Sprott (TSE:SII) last posted its earnings results on Wednesday, February 26th. The company reported C$0.46 earnings per share for the quarter. Sprott had a return on equity of 15.02% and a net margin of 28.20%. Research analysts expect that Sprott will post 3.2178828 EPS for the current year.

Wall Street Analysts Forecast Growth

SII has been the subject of several research reports. Canaccord Genuity Group increased their target price on Sprott from C$67.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. TD Securities increased their price target on Sprott from C$79.00 to C$84.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, BMO Capital Markets raised their target price on Sprott from C$75.00 to C$76.00 in a report on Friday, April 4th.

Sprott Company Profile

Sprott Inc is an alternative asset manager operating in Canada. The company has six reportable segments: Exchange Listed Products, which includes management services to the company’s closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company’s branded funds, fixed-term LPs and managed accounts; Lending segment provides lending and streaming activities through limited partnership vehicles; Brokerage segment includes activities of Canadian and U.S.