U.S. Global Investors, Inc. (NASDAQ:GROW) Declares Dividend Increase – $0.01 Per Share

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Thursday, September 12th, Wall Street Journal reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.0075 per share by the asset manager on Monday, November 25th. This represents a $0.09 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, November 8th. 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 Stock Up 3.8 %

NASDAQ:GROW opened at $2.49 on Thursday. The company has a market cap of $34.06 million, a PE ratio of 24.90 and a beta of 1.85. The business’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.58. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $3.11.

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

Analysts Set New Price Targets

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