U.S. Global Investors, Inc. to Issue Monthly Dividend of $0.01 (NASDAQ:GROW)

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.0075 per share by the asset manager on Monday, June 30th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, June 16th.

U.S. Global Investors has raised its dividend by an average of 10.1% per year over the last three years.

U.S. Global Investors Trading Down 1.3 %

Shares of NASDAQ:GROW opened at $2.22 on Wednesday. The company has a 50 day moving average of $2.40 and a 200-day moving average of $2.45. The firm has a market cap of $29.64 million, a P/E ratio of 74.02 and a beta of 1.80. U.S. Global Investors has a twelve month low of $2.20 and a twelve month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a report on Wednesday, March 12th. They issued a “hold” rating on the stock.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.