Sprott Inc. Announces Dividend Increase of 8.7% and Declares Third Quarter 2020 Dividend

Rhea-AI Summary

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.

Positive

• Dividend increased by 8.7%, providing enhanced income for shareholders.
• Dividend payment date set for December 8, 2020, signaling company profitability.

Negative

• None.

TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a third quarter 2020 dividend of US$0.25 per common share, an 8.7% increase over the previous quarter’s dividend, payable on December 8, 2020 to shareholders of record at the close of business on November 23, 2020.

Registered shareholders who are residents of Canada as reflected in the Company’s shareholders register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or other intermediary) whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co. (“CDS”), will receive their dividend in Canadian dollars, calculated based on the spot price exchange rate on December 8, 2020. Registered shareholders resident outside of Canada as reflected in Sprott’s shareholders register, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or its nominee, Cede & Co., will receive their dividend in U.S. dollars. However, beneficial holders whose intermediary is a participant in CDS, may elect to change the currency of their dividend payments to U.S. dollars and can contact their broker for more details. Registered shareholders, other than CDS, who are residents of Canada and wish to receive their dividend in U.S. dollars should make arrangements to deposit their common shares with CDS, and make a currency election, prior to November 23, 2020.

The dividend is designated as an eligible dividend for Canadian income tax purposes.

About Sprott

Sprott is an alternative asset manager and a global leader in precious metal investments. Through its subsidiaries in Canada, the US and Asia, Sprott is dedicated to providing investors with specialized investment strategies that include Exchange Listed Products, Managed Equities, Lending, and Brokerage. Sprott’s common shares are listed on the New York Stock Exchange under the symbol (NYSE: SII) and the Toronto Stock Exchange under the symbol (TSX: SII). For more information, please visit www.sprott.com.

Investor contact information:

Glen Williams
Managing Director
(416) 943-4394
gwilliams@sprott.com

FAQ

What is the dividend amount for Sprott Inc. in Q3 2020?

Sprott Inc. declared a dividend of US$0.25 per common share for Q3 2020.

When is the SII dividend payment date?

The dividend payment date for Sprott Inc. is December 8, 2020.

Who is eligible to receive the SII dividend?

Shareholders on record as of November 23, 2020, are eligible to receive the dividend.

Is the SII dividend eligible for Canadian income tax purposes?

Yes, the dividend is designated as an eligible dividend for Canadian income tax purposes.

In what currency will the SII dividend be paid?

Dividends will be paid in Canadian dollars for Canadian residents and U.S. dollars for other registered shareholders.