Sprott Inc. (TSE:SII) to Issue $0.03 Quarterly Dividend
Sprott Inc. (TSE:SII) declared a quarterly dividend on Friday, August 16th, TickerTech reports. Stockholders of record on Tuesday, September 3rd will be given a dividend of 0.03 per share on Tuesday, September 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, August 16th.
Shares of TSE SII traded up C$0.01 during mid-day trading on Wednesday, reaching C$3.84. The company had a trading volume of 43,410 shares, compared to its average volume of 311,703. The stock’s 50-day moving average price is C$3.64. The company has a debt-to-equity ratio of 9.02, a quick ratio of 1.87 and a current ratio of 2.51. The firm has a market cap of $930.35 million and a PE ratio of 48.25. Sprott has a 52 week low of C$2.36 and a 52 week high of C$3.99.
A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Sprott from C$2.50 to C$3.00 in a report on Monday, July 22nd. TD Securities upped their price target on shares of Sprott from C$3.00 to C$3.75 and gave the stock a “hold” rating in a report 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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