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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Wednesday, March 6th, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.007 per share by the asset manager on Monday, May 20th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, May 3rd.

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

U.S. Global Investors Stock Performance

NASDAQ:GROW opened at $2.68 on Thursday. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The stock has a market capitalization of $37.87 million, a P/E ratio of 11.65 and a beta of 1.96. The company’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 released its earnings results on Thursday, February 8th. The asset manager reported $0.09 EPS for the quarter. The company had revenue of $2.82 million during the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of U.S. Global Investors in a research note 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.