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

U.S. Global Investors, Inc. (NASDAQ:GROWGet Rating) declared a monthly dividend on Wednesday, June 22nd, Wall Street Journal reports. Shareholders of record on Monday, September 12th will be paid a dividend of 0.0075 per share by the asset manager on Monday, September 26th. This represents a $0.09 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, September 9th. This is a positive change 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 37.2% per year over the last three years and has increased its dividend every year for the last 1 years.

Shares of GROW opened at $4.22 on Thursday. The stock has a fifty day moving average of $4.88 and a two-hundred day moving average of $5.02. U.S. Global Investors has a fifty-two week low of $4.13 and a fifty-two week high of $6.88.

U.S. Global Investors (NASDAQ:GROWGet Rating) last issued its quarterly earnings results on Monday, May 9th. The asset manager reported ($0.06) earnings per share for the quarter. The business had revenue of $6.18 million during the quarter. U.S. Global Investors had a net margin of 37.15% and a return on equity of 17.44%.

Separately, StockNews.com assumed coverage on U.S. Global Investors in a report on Thursday, March 31st. They set a “hold” rating for the company.

U.S. Global Investors Company Profile (Get Rating)

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

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Dividend History for U.S. Global Investors (NASDAQ:GROW)

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