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

Posted by Amy Steele on Oct 9th, 2024

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) declared a monthly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Monday, October 14th will be paid a dividend of 0.007 per share by the asset manager on Monday, October 28th. This represents a $0.08 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, October 11th.

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 Stock Performance

Shares of GROW opened at $2.48 on Wednesday. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.11. The stock’s fifty day moving average is $2.56 and its 200-day moving average is $2.63. The firm has a market capitalization of $33.93 million, a price-to-earnings ratio of 20.67 and a beta of 1.83.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last released its earnings results on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. The firm had revenue of $2.44 million for the quarter. U.S. Global Investors had a net margin of 12.14% and a return on equity of 2.66%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on U.S. Global Investors in a research report on Thursday, October 3rd. They issued a “hold” rating for the company.

Read Our Latest Stock Report on GROW

U.S. Global Investors Company Profile

(Get Free Report)

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.