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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors 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 yield of 3.95%. The ex-dividend date is Monday, June 16th.

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

U.S. Global Investors Price Performance

Shares of 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’s 50-day moving average is $2.40 and its two-hundred day moving average is $2.45. The stock has a market cap of $30.44 million, a PE ratio of 76.03 and a beta of 1.80.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of U.S. Global Investors in a research note on Thursday. They issued a “hold” rating for the company.

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.