Sprott Inc. Announces Quarterly Dividend of $0.40 (NYSE:SII)

Sprott Inc. (NYSE:SII) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be given a dividend of 0.40 per share on Tuesday, March 17th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, March 2nd.

Sprott has a dividend payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings.

Sprott Trading Up 4.4%

SII stock traded up $5.41 during midday trading on Thursday, reaching $129.40. The stock had a trading volume of 56,436 shares, compared to its average volume of 259,557. Sprott has a 52-week low of $39.33 and a 52-week high of $143.00. The company’s fifty day simple moving average is $112.07 and its 200 day simple moving average is $90.33. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 66.36 and a beta of 1.02.

Institutional Investors Weigh In On Sprott

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SII. Allworth Financial LP purchased a new position in shares of Sprott during the 2nd quarter worth $28,000. Flagship Harbor Advisors LLC acquired a new position in Sprott in the fourth quarter valued at about $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Sprott by 63.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after buying an additional 150 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Sprott during the fourth quarter worth about $59,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Sprott during the third quarter valued at about $74,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

About Sprott

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.