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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid 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 3.72%. The ex-dividend date of this dividend 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 Price Performance

GROW stock opened at $2.42 on Thursday. The stock has a market capitalization of $32.73 million, a price-to-earnings ratio of 18.62 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. The stock’s fifty day simple moving average is $2.44 and its 200-day simple moving average is $2.53.

Wall Street Analysts Forecast Growth

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

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.