Sprott Inc. Declares Fourth Quarter 2024 Dividend

Rhea-AI Summary

Sprott Inc. (NYSE/TSX: SII) has announced its fourth quarter 2024 dividend of US$0.30 per common share. The dividend will be paid on March 25, 2025 to shareholders of record as of March 10, 2025.

Canadian registered shareholders and CDS participants will receive payments in Canadian dollars, calculated using the March 25, 2025 spot exchange rate. Shareholders outside Canada, including U.S. residents, will receive payments in U.S. dollars. Canadian beneficial holders through CDS can opt to receive payments in U.S. dollars by contacting their broker. The dividend qualifies as an eligible dividend for Canadian tax purposes.

Positive

• Maintains quarterly dividend payment of US$0.30 per share

Negative

• None.

Insights

Financial Analyst

Sprott Inc.'s declaration of a $0.30 per share quarterly dividend for Q4 2024 represents a 2.76% annualized yield based on the current share price of $43.37. This dividend announcement is particularly noteworthy in the context of Sprott's business model as a specialized asset manager focused on precious metals and real assets.

This dividend maintains Sprott's consistent quarterly payout pattern, which has remained stable at $0.30 per share throughout 2024. This stability is significant considering the inherent volatility in the precious metals markets that form the core of Sprott's investment focus. By maintaining this dividend level, management is signaling confidence in the company's cash flow generation capabilities despite market fluctuations in underlying asset classes.

The designation as an "eligible dividend" for Canadian tax purposes is more than a technical detail - it allows Canadian shareholders to benefit from enhanced dividend tax credits, effectively reducing the tax rate compared to non-eligible dividends or interest income. For Canadian investors in higher tax brackets, this could translate to approximately 8-10% better after-tax returns compared to non-eligible dividends.

Compared to the broader asset management industry, Sprott's 2.76% yield positions it competitively among mid-cap specialized asset managers. Traditional asset managers typically offer yields ranging from 2-4%, placing Sprott within the expected range despite its more specialized business model.

The timing of this dividend announcement aligns with Sprott's quarterly financial cycle and suggests the company continues to generate sufficient free cash flow to support shareholder returns while maintaining operational flexibility. This is particularly important for a firm like Sprott that must balance shareholder returns with capital needs for potential strategic acquisitions in the specialized asset management space.

For investors, this dividend represents not just income but a tangible component of total return in a company positioned at the intersection of traditional financial services and alternative investments in precious metals and real assets - potentially offering portfolio diversification benefits alongside income stability.

TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a fourth quarter 2024 dividend of US$0.30 per common share, payable on March 25, 2025 to shareholders of record at the close of business on March 10, 2025.

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 March 25, 2025. 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 March 10, 2025.

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

About Sprott

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

Investor contact information:

Glen Williams
Managing Partner
Investor and Institutional Client Relations
(416) 943-4394
gwilliams@sprott.com

FAQ

What is the Q4 2024 dividend amount announced by Sprott (SII)?

Sprott (SII) announced a dividend of US$0.30 per common share for Q4 2024.

When is the payment date for Sprott's (SII) Q4 2024 dividend?

The dividend payment date is March 25, 2025.

What is the record date for Sprott's (SII) latest dividend?

The record date is March 10, 2025.

In which currency will Canadian shareholders receive Sprott's (SII) dividend?

Canadian shareholders will receive the dividend in Canadian dollars, calculated based on the March 25, 2025 spot exchange rate.