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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Friday, June 21st, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.0075 per share by the asset manager on Monday, September 30th. This represents a $0.09 annualized dividend and a yield of 3.47%. The ex-dividend date is Monday, September 16th.

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

U.S. Global Investors Price Performance

NASDAQ GROW opened at $2.59 on Friday. U.S. Global Investors has a 1 year low of $2.47 and a 1 year high of $3.30. The company has a market capitalization of $36.03 million, a PE ratio of 21.58 and a beta of 1.96. The company has a fifty day moving average of $2.65 and a two-hundred day moving average of $2.72.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of U.S. Global Investors in a research note on Friday. They set a “hold” rating for the company.

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.