U.S. Global Investors, Inc. (NASDAQ:GROW) Plans 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. Investors 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 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date 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 raised its dividend payment by an average of 44.2% per year over the last three years.

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock opened at $2.49 on Thursday. U.S. Global Investors has a 1-year low of $2.38 and a 1-year high of $3.11. The business’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $2.58. The company has a market capitalization of $34.06 million, a P/E ratio of 24.90 and a beta of 1.85.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 earnings per share for the quarter. The business 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a research report on Monday. They set 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.