Welcome to our dedicated page for Sprott news (Ticker: SII), a resource for investors and traders seeking the latest updates and insights on Sprott stock.
Sprott Inc. reports developments as a global asset manager focused on precious metals and critical materials investments. News typically covers assets under management, fund flows, financial results and activity across Exchange Listed Products, Managed Equities, Private Strategies and corporate operations.
Company updates also include dividends, normal course issuer bids, ETF launches and changes involving Sprott-branded funds and physical trusts. Product coverage includes critical materials ETFs such as the Sprott Rare Earths Ex-China ETF and fund actions involving the Sprott Physical Copper Trust, a vehicle created to hold physical copper metal.
Sprott Inc. reported its financial results for Q3 2020, with Assets Under Management (AUM) totaling $16.3 billion, a 17% increase from June 30, 2020. Total net revenues reached $31.3 million, up 82% from the previous year. Net income stood at $8.7 million ($0.36 per share), reflecting a significant increase of $4.4 million year-over-year. The company also announced an 8.7% dividend increase, raising the quarterly dividend to USD $0.25 per share. Sprott's strong financial performance is attributed to increasing precious metals prices and successful asset management.
Sprott Inc. (NYSE/TSX: SII) has announced a third quarter 2020 dividend of US$0.25 per common share, reflecting an 8.7% increase from the previous quarter. This dividend is payable on December 8, 2020, to shareholders on record as of November 23, 2020. Canadian residents will receive dividends in Canadian dollars, while registered shareholders outside Canada will receive them in U.S. dollars. The dividend qualifies as an eligible dividend for Canadian income tax purposes, providing shareholders with a reliable income stream.
Sprott Inc. (NYSE:SII, TSX:SII) announced a conference call scheduled for November 13, 2020, at 10:00 a.m. ET, to discuss its third-quarter 2020 financial results. The results will be released earlier that day at 7:00 a.m. ET. Interested participants can join the call by dialing (855) 458-4215 ten minutes prior, using conference ID 6191323. A taped replay will be available until November 20, 2020. Sprott is a leading alternative asset manager specializing in precious metal investments.
Sprott Inc. (SII) announced its addition to the S&P/TSX Composite Index effective September 21, 2020. This recognition reflects its strong performance, as the TSX ranked Sprott among the 30 top-performing stocks over three years in the TSX30 program. CEO Peter Grosskopf highlighted the addition as a testament to the company’s achievements and expressed optimism about the precious metals market. The S&P/TSX Composite Index serves as the primary benchmark for the Canadian equity market, while the TSX30 recognizes top-performing stocks based on adjusted share price appreciation.