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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Monday, June 10th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be paid 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 is Monday, August 12th. This is a positive change from U.S. Global Investors’s previous monthly dividend of $0.007.

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

U.S. Global Investors Trading Up 1.9 %

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on U.S. Global Investors in a report on Thursday. They set 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.