{{articledata.title}}

The stock of small-cap Canadian company Sprott (NYSE: $SII ) has been on fire this year. And now there's even more reason to consider the company after it hiked its dividend by 33%.

Toronto-based Sprott has declared a dividend of $0.40 U.S. per share, which is a one-third increase from its previous distribution to shareholders.

The dividend is payable on Dec. 2 to shareholders of record at the close of trading on Nov. 17 of this year.

The dividend increase comes with Sprott's business and stock going gangbusters. So far in 2025, SII stock has doubled, having risen 103% to trade at $126.81 a share in Toronto.

Sprott is a global asset manager focused on precious metals and critical materials investments.

With prices for gold and silver at all-time highs, and demand for other metals and materials such as copper and uranium on the rise, Sprott's investment vehicles have been booming.

Management recently reported a record-breaking quarter driven by surging asset values and demand for the exchange-traded funds it offers that track the spot prices of gold and other commodities.

Assets under management at Sprott stood at $49.1 billion at the end of September this year, representing year-over-year growth of 56%.

Sprott recorded $1.1 billion in net sales during the third quarter, the best sales month in its history.

With investors placing increasing amounts of capital into the firm's ETFs, now could be a good time to invest in SII stock.

With a market capitalization of $3.24 billion, Sprott is a small-cap stock. The raised dividend places the yield on the stock above 2%.

Sprott's valuation is rich with the shares trading at 63 times future earnings estimates.

But with the ongoing boom in metals, and the juicy dividend, Sprott might be a good way to play the current commodities rally.