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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.0075 per share by the asset manager on Monday, March 31st. This represents a $0.09 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, March 17th.

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

U.S. Global Investors Stock Up 0.4 %

U.S. Global Investors stock opened at $2.43 on Friday. The stock has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.53. The company has a market capitalization of $32.87 million, a price-to-earnings ratio of 18.69 and a beta of 1.83. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $3.05.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a report on Saturday, December 14th. They issued a “hold” rating on the stock.

U.S. Global Investors Company Profile

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.