Sprott Raises Third-Quarter Dividend 25% to $0.50 per Share
Key Facts
Sprott announced a third-quarter cash dividend of $0.50 per share on November 3, 2026, an increase of 25% from the previous dividend, according to a company statement. It set December 1 as the payment date, with the dividend payable to shareholders of record at the close of business on November 16. The announcement came before the scheduled release of third-quarter results, so the decision is not tied to results the company had yet to announce. Sprott is scheduled to release those results on November 4 at 7:00 a.m. The dividend decision comes from a company that describes itself as a global asset manager focused on investments in precious metals and critical materials.
The dividend increase means the announced amount per share is 25% higher than the dividend for the previous quarter, while the company’s available announcement did not include an explanation linking the increase to performance in the first nine months of the year. According to Sprott’s statement, the new dividend is $0.50 per common share. The company said payment will be made on December 1, following the shareholder record date set for the close of business on November 16. These dates create a window between identifying eligible shareholders and transferring the payment to them. The announcement is based on the dividend schedule and its dates, and does not provide figures for third-quarter results or assets under management at quarter-end.
Sprott had announced that third-quarter results would be released on November 4 at 7:00 a.m., and that it would hold a webcast to discuss the results on the same day at 10:00 a.m. Eastern Time. This follows the dividend announcement by one day, according to the dates published by the company. The results date is therefore the next milestone for investors seeking details on financial performance for the period ended September 30. The information provided did not include verified figures for quarterly revenue, net income or assets under management at the end of September. Accordingly, this report does not include quarterly performance indicators that were not disclosed in the dividend statement.
Second-quarter results provide earlier context for the company’s performance: net income was $34.3 million, or $1.33 per share, compared with $13.5 million and $0.52 per share in the second quarter of 2025. Sprott attributed the performance mainly to higher average assets under management in its listed products and managed equities, as well as the realization of performance fees in its private strategies. Adjusted EBITDA was also $50.8 million in the second quarter of 2026, compared with $25.5 million in the same period of 2025. These figures relate to the second quarter and do not represent the third-quarter results scheduled for release on November 4. The prior results thus provide context for the period before the new dividend, without the company officially explaining its decision to raise it.
On assets, the company said assets under management were $55.6 billion on June 30, 2026, down 15% from $65.1 billion on March 31. Chief Executive Whitney George attributed most of the decline to a correction in gold and silver prices during the second quarter, describing it as potentially short-lived. This comparison relates to the end of the second quarter and does not provide a verified figure for assets at the end of September. In trading on November 3, Sprott shares listed on the Toronto Stock Exchange closed at C$147.35, up 3.028% during the session, according to TMX Money data. EL7 data also recorded SII closing at 105.15 on the same date, without specifying the currency in the data provided.