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TORONTO - Sprott Inc. (NYSE/TSX: SII), a global asset manager specializing in precious metals and critical materials investments, has declared a quarterly dividend for the first quarter of 2025. The company stated on Tuesday that shareholders would receive a dividend of US$0.30 per common share, payable on June 4, 2025. According to InvestingPro data, Sprott has maintained dividend payments for 18 consecutive years, with the current annual dividend yield standing at 2.31%.
Shareholders on record by the close of business on May 20, 2025, will be eligible for the dividend. The payment will be made in Canadian dollars for registered shareholders residing in Canada, calculated based on the spot price exchange rate on the payment date. Those outside of Canada, including the United States, will receive their dividend in U.S. dollars.
Beneficial holders with shares held through intermediaries can opt to receive their dividends in U.S. dollars by contacting their brokers. Canadian residents who are registered shareholders, not using CDS, and wish to receive the U.S. dollar dividend must deposit their shares with CDS and elect the preferred currency before the May 20 deadline.
The dividend has been designated as an eligible dividend for Canadian income tax purposes, which may be beneficial for Canadian investors.
Sprott’s focus as an asset manager is on sectors believed to require specialized knowledge and expertise, setting them apart from generalist investment firms. The company offers a range of investment strategies through Exchange Listed Products, Managed Equities, and Private Strategies.
With offices in Toronto, New York, Connecticut, and California, Sprott Inc. is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol SII. The company has demonstrated strong financial performance, achieving a perfect Piotroski Score of 9 and maintaining a "GREAT" financial health rating according to InvestingPro. The stock has delivered impressive returns, up 24.24% year-to-date and currently trading near its 52-week high of $54.81. Interested parties seeking further details about the company’s financial strategies and investments can access comprehensive analysis through InvestingPro’s detailed research reports, which provide deep-dive analysis of over 1,400 US equities, including Sprott Inc.
This dividend announcement is based on a press release statement issued by Sprott Inc.
In other recent news, Sprott Inc. reported a 21% increase in net income for the fourth quarter of 2024, reaching $11.7 million. However, the company fell short of earnings per share expectations, reporting $0.46 against a forecast of $0.56. Despite this, Sprott’s assets under management grew by 10% to $31.5 billion, and the company became debt-free in the fourth quarter. The firm also launched two new exchange-traded funds (ETFs) in the precious metals sector, expanding its offerings. Analysts from Canaccord and Cantor Fitzgerald have shown interest in the company’s market strategies, particularly in uranium and gold. Sprott has projected an EPS of $2.04 for FY2025, with revenue forecasts slightly higher at $166.99 million. The company anticipates continued market volatility in 2025 and expects increased investor interest in gold and critical materials. The gold market’s all-time highs have influenced Sprott’s strategic focus, as noted by executive Whitney George.
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