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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, March 17th.

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

U.S. Global Investors stock remained flat at $2.42 during trading on Wednesday. The company had a trading volume of 16,386 shares, compared to its average volume of 33,199. The stock has a fifty day moving average price of $2.44 and a two-hundred day moving average price of $2.53. U.S. Global Investors has a 52-week low of $2.38 and a 52-week high of $3.05. The stock has a market capitalization of $32.73 million, a PE ratio of 18.62 and a beta of 1.83.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of U.S. Global Investors in a report on Saturday. 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.