Sprott Focus Trust, Inc. (NASDAQ:FUND) to Issue Quarterly Dividend of $0.13

Sprott Focus Trust, Inc. (NASDAQ:FUND) announced a quarterly dividend on Tuesday, March 4th, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.1305 per share by the financial services provider on Friday, March 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date is Friday, March 14th.

Sprott Focus Trust has decreased its dividend by an average of 11.1% annually over the last three years.

Sprott Focus Trust Price Performance

NASDAQ:FUND traded down $0.03 during mid-day trading on Wednesday, reaching $7.28. 22,360 shares of the company’s stock were exchanged, compared to its average volume of 35,967. Sprott Focus Trust has a one year low of $7.04 and a one year high of $8.23. The business’s fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $7.69.

Insiders Place Their Bets

In related news, Portfolio Manager W Whitney George purchased 106,939 shares of Sprott Focus Trust stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of $7.27 per share, with a total value of $777,446.53. Following the completion of the transaction, the portfolio manager now directly owns 7,813,063 shares of the company’s stock, valued at $56,800,968.01. This represents a 1.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 50.59% of the company’s stock.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.