TORONTO – Sprott Inc. (NYSE/TSX: SII), a global leader in precious metals and critical materials investments, has declared a quarterly dividend of US$0.25 per common share for the first quarter of 2024. The dividend is payable on June 5, 2024, to shareholders on record as of May 21, 2024.

The company specified that registered shareholders in Canada, according to Sprott’s shareholder register, as well as beneficial holders with shares held through intermediaries participating in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will receive their dividend in Canadian dollars. The amount will be determined by the spot price exchange rate on the day of payment.

Shareholders residing outside of Canada, including those in 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. Beneficial holders with intermediaries in CDS have the option to elect to receive their dividend in U.S. dollars and should contact their broker for more information.

Furthermore, registered shareholders in Canada who are not part of CDS and wish to receive their dividend in U.S. dollars are advised to arrange for their common shares to be deposited with CDS and make a currency election before the May 21, 2024 deadline.

The announced dividend is designated as an eligible dividend for Canadian income tax purposes, which could be advantageous for Canadian taxpayers.

Sprott’s expertise in the precious metals and critical materials sectors is underscored by its specialized investment strategies, which include Exchange Listed Products, Managed Equities, and Private Strategies. With offices located in Toronto, New York, Connecticut, and California, Sprott stands as a specialized entity in its field, differentiating itself from more generalist financial institutions.

The company’s common shares are traded on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol SII. This dividend announcement is based on a press release statement issued by Sprott Inc.

InvestingPro Insights

Sprott Inc. (NYSE/TSX: SII) has recently announced its quarterly dividend, affirming its commitment to rewarding shareholders. This is in line with one of the InvestingPro Tips that highlights the company’s track record of maintaining dividend payments for 17 consecutive years. Moreover, the same source suggests that Sprott Inc. is trading at a low P/E ratio relative to near-term earnings growth, which could indicate a potential undervaluation of the company’s stock.

Examining the real-time metrics from InvestingPro, Sprott Inc. boasts a market capitalization of $1.04 billion USD, reflecting its substantial presence in the precious metals and critical materials investment sector. The company also shows a promising P/E ratio of 20.75 when adjusted for the last twelve months as of Q4 2023.

This, combined with a PEG ratio of just 0.18 for the same period, suggests that the stock could have room for growth when considering its earnings trajectory. Furthermore, the revenue growth for Sprott Inc. has been robust, with a 16.42% increase over the last twelve months as of Q4 2023, underlining the company’s financial health and potential for further expansion.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Franklin Financial Services Corp. (NASDAQ:FRAF) director Gregory A. Duffey has recently increased his stake in the company, according to a new SEC filing. On May 3, 2024, Duffey purchased 2,000 shares of common stock at a price of $29.0 per share, totaling $58,000.

This transaction has bolstered Duffey’s ownership in the state commercial bank to 17,964 shares. The purchase reflects a straightforward investment in the company’s stock, without the involvement of equity swaps or other complex financial instruments. As the director of Franklin Financial Services Corp., Duffey’s decision to buy additional shares could be seen as a vote of confidence in the company’s future prospects.

Investors often monitor insider transactions as they may provide insights into the company’s performance and management’s expectations. The details of the transaction, including the number of shares purchased and the price paid, are publicly available through the SEC filing, offering transparency to shareholders and potential investors.

Franklin Financial Services Corp., based in Chambersburg, PA, operates as a state commercial bank and is known for its community-focused banking services. The company’s stock is traded under the ticker symbol FRAF on the NASDAQ exchange.

InvestingPro Insights

Recent insider trading by Franklin Financial Services Corp. (NASDAQ:FRAF) director Gregory A. Duffey has spotlighted the company’s stock, drawing investor attention to its financial health and future outlook. To provide a clearer picture of FRAF’s standing, we’ve gathered some key data and insights from InvestingPro.

Despite a challenging economic environment, Franklin Financial Services Corp. has managed to maintain a consistent dividend payout for 41 consecutive years, a testament to its financial stability and commitment to shareholders. Moreover, the company has experienced a strong return over the last month, with a 12.57% increase, which may partly explain Duffey’s confidence in increasing his stake. This is also reflected in the company’s profitability over the last twelve months, suggesting a solid operational performance.

InvestingPro Data metrics reveal a market capitalization of $124.48 million and a price-to-earnings (P/E) ratio of 9.05, which adjusts slightly to 9.11 when looking at the last twelve months as of Q1 2024. The company’s price-to-book ratio stands at 0.94 for the same period, indicating that the stock may be reasonably valued in relation to its assets. However, it’s important to note that FRAF suffers from weak gross profit margins, which could be a point of consideration for potential investors.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

On Tuesday, Jefferies upgraded shares of SICC Co Ltd (688234:CH), a prominent conductive substrate manufacturer, from Hold to Buy, while adjusting the stock price target to RMB66.00 from the previous RMB69.00.

This decision was influenced by the company’s financial performance, with fourth-quarter 2023 and first-quarter 2024 revenues meeting expectations and net profit surpassing both Jefferies’ and consensus estimates.

The optimism for the upgrade is partly due to SICC’s Lingang fabrication plant reaching a capacity of 25 kilowatts per month by the end of 2023. This expansion has positioned SICC among the top three conductive substrate makers.

The analyst noted that overseas customers now contribute approximately 40% to the company’s revenue with a gross margin (GM) of 29% in 2023. The expectation of a higher mix of overseas business in the forthcoming years is a driving factor behind the positive outlook.

The upgrade reflects the company’s short-term financial prospects, which are expected to remain strong. The analyst emphasized this by stating the company’s revenue alignment with forecasts and the substantial outperformance in net profit as key indicators of SICC’s robust financial health.

The revised stock price target of RMB66.00, despite being a slight reduction from the prior target, aligns with the upgraded stock rating and the anticipation of SICC’s continued growth and expansion in market share, especially with its increased capacity and international customer base.

The company’s strategic positioning and financial results are the primary reasons behind Jefferies’ confidence in SICC’s stock performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.