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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Monday, March 11th, Wall Street Journal reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.0075 per share by the asset manager on Monday, May 20th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from U.S. Global Investors’s previous monthly dividend of $0.007.

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

U.S. Global Investors Trading Up 0.4 %

Shares of U.S. Global Investors stock opened at $2.68 on Thursday. U.S. Global Investors has a twelve month low of $2.47 and a twelve month high of $3.30. The stock has a market capitalization of $37.87 million, a price-to-earnings ratio of 11.65 and a beta of 1.96. The business’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $2.77.

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on U.S. Global Investors in a report on Friday, April 26th. They issued 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.