Sprott Inc. Plans Quarterly Dividend of $0.03 (TSE:SII)
Sprott Inc. (TSE:SII) declared a quarterly dividend on Friday, August 16th, TickerTech reports. Investors of record on Tuesday, September 3rd will be paid a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.12 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, August 16th.
Shares of Sprott stock opened at C$3.83 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.87 and a debt-to-equity ratio of 9.02. Sprott has a twelve month low of C$2.36 and a twelve month high of C$3.99. The company has a 50-day simple moving average of C$3.64. The stock has a market cap of $930.35 million and a price-to-earnings ratio of 47.88.
Several brokerages recently weighed in on SII. Royal Bank of Canada lifted their price target on Sprott from C$2.50 to C$3.00 in a research note on Monday, July 22nd. TD Securities lifted their price target on Sprott from C$3.00 to C$3.75 and gave the company a “hold” rating in a research note on Monday.
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.
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