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

U.S. Global Investors, Inc. (NASDAQ:GROWGet Free Report) announced a monthly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders 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 yield of 3.95%. The ex-dividend date is Monday, June 16th.

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

U.S. Global Investors Stock Performance

U.S. Global Investors stock opened at $2.28 on Thursday. The firm has a market capitalization of $30.44 million, a price-to-earnings ratio of 76.03 and a beta of 1.80. U.S. Global Investors has a fifty-two week low of $2.20 and a fifty-two week high of $2.95. The stock’s fifty day moving average is $2.40 and its two-hundred day moving average is $2.45.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on U.S. Global Investors in a research report on Thursday. They issued a “hold” rating on the stock.

Read Our Latest Report on GROW

U.S. Global Investors Company Profile

(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.

Further Reading

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

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