Sprott Resource Lending Stock To Go Ex-dividend Tomorrow (SILU)
The ex-dividend date for Sprott Resource Lending (AMEX:SILU) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $1.40 as of 9:48 a.m., the dividend yield is 2.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Sprott Resource Lending (AMEX: SILU) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $1.40 as of 9:48 a.m. ET, the dividend yield is 2.7%. The average volume for Sprott Resource Lending has been 191,600 shares per day over the past 30 days. Sprott Resource Lending has a market cap of $228.6 million and is part of the financial sector and real estate industry. Shares are down 19.8% year to date as of the close of trading on Tuesday. Sprott Resource Lending Corp., a natural resource lender, provides bridge and mezzanine financing to precious and base metal mining, exploration, and development companies, as well as energy companies worldwide. The company was formerly known as Quest Capital Corp.
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TheStreet Ratings rates Sprott Resource Lending as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Sprott Resource Lending Ratings Report. See our dividend calendar or top-yielding stocks list.