U.S. Global Investors, Inc. (GROW) To Go Ex-Dividend on August 12th

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Monday, June 10th, Wall Street Journal reports. Investors of record on Monday, August 12th will be given a dividend of 0.0075 per share by the asset manager on Monday, August 26th. This represents a $0.09 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, August 12th. This is an increase from U.S. Global Investors’s previous monthly dividend of $0.007.

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

U.S. Global Investors Stock Performance

U.S. Global Investors stock traded up $0.05 during midday trading on Friday, reaching $2.62. 20,822 shares of the stock were exchanged, compared to its average volume of 29,181. The company’s fifty day moving average is $2.60 and its 200-day moving average is $2.67. The firm has a market cap of $36.45 million, a PE ratio of 21.83 and a beta of 1.79. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.18.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of U.S. Global Investors in a report on Thursday. They set a “hold” rating on the stock.

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.