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. Stockholders 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 annualized dividend and a dividend yield of 4.05%. 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 Down 1.3 %

Shares of GROW opened at $2.22 on Wednesday. The business’s 50-day moving average price is $2.40 and its 200-day moving average price is $2.45. U.S. Global Investors has a twelve month low of $2.20 and a twelve month high of $2.95. The stock has a market cap of $29.64 million, a PE ratio of 74.02 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings data 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on U.S. Global Investors in a report on Wednesday, March 12th. They set a “hold” rating for the company.

About U.S. Global Investors

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.