U.S. Global Investors, Inc. (GROW) to Issue Monthly Dividend of $0.01 on June 30th

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.0075 per share by the asset manager on Monday, June 30th. This represents a $0.09 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Monday, June 16th.

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

U.S. Global Investors Price Performance

GROW opened at $2.28 on Thursday. U.S. Global Investors has a 12 month low of $2.20 and a 12 month high of $2.95. The stock has a market capitalization of $30.44 million, a P/E ratio of 76.03 and a beta of 1.80. The business has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $2.45.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (EPS) 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 Thursday. They issued a “hold” rating on the stock.

U.S. Global Investors Company Profile

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.