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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Thursday, September 12th, Zacks reports. Investors of record on Monday, October 14th will be paid a dividend of 0.007 per share by the asset manager on Monday, October 28th. This represents a $0.08 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, October 11th.

U.S. Global Investors has raised its dividend by an average of 44.2% annually over the last three years.

U.S. Global Investors Stock Down 2.0 %

Shares of NASDAQ GROW opened at $2.43 on Thursday. U.S. Global Investors has a twelve month low of $2.42 and a twelve month high of $3.11. The stock has a market cap of $33.24 million, a price-to-earnings ratio of 20.25 and a beta of 1.83. The company’s fifty day moving average is $2.56 and its 200-day moving average is $2.63.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%. The firm had revenue of $2.44 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of U.S. Global Investors in a report on Thursday, October 3rd. They set 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.