U.S. Global Investors, Inc. (GROW) to Issue Monthly Dividend of $0.01 on March 25th

U.S. Global Investors, Inc. (NASDAQ:GROWGet Free Report) declared a monthly dividend on Friday, December 22nd, Wall Street Journal reports. Investors of record on Monday, March 11th will be paid a dividend of 0.0075 per share by the asset manager on Monday, March 25th. This represents a $0.09 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, March 8th.

U.S. Global Investors has increased its dividend payment by an average of 44.2% per year over the last three years.

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock opened at $2.59 on Wednesday. U.S. Global Investors has a 1 year low of $2.41 and a 1 year high of $3.30. The company has a market capitalization of $36.60 million, a P/E ratio of 11.26 and a beta of 1.97. The business has a 50 day moving average price of $2.75 and a 200 day moving average price of $2.83.

U.S. Global Investors (NASDAQ:GROWGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $2.82 million during the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%.

Institutional Trading of U.S. Global Investors

Institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC purchased a new stake in shares of U.S. Global Investors during the 2nd quarter valued at $32,000. Morgan Stanley grew its stake in shares of U.S. Global Investors by 208,833.3% during the 4th quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock valued at $36,000 after buying an additional 12,530 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in shares of U.S. Global Investors during the 4th quarter valued at $56,000. Jane Street Group LLC purchased a new stake in shares of U.S. Global Investors during the 2nd quarter valued at $96,000. Finally, Millennium Management LLC boosted its position in U.S. Global Investors by 150.8% during the 4th quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock worth $143,000 after purchasing an additional 29,738 shares during the period. 25.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on U.S. Global Investors in a report on Friday, March 1st. They issued a “hold” rating for the company.

Get Our Latest Stock Report on U.S. Global Investors

About U.S. Global Investors

(Get Free Report)

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.

Featured Stories

Dividend History for U.S. Global Investors (NASDAQ:GROW)

Receive News & Ratings for U.S. Global Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Investors and related companies with MarketBeat.com's FREE daily email newsletter.