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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a dividend on Saturday, January 11th,investing.com reports. Stockholders of record on Tuesday, January 14th will be given a dividend of 0.0075 per share by the asset manager on Monday, January 27th. This represents a dividend yield of 3.71%. The ex-dividend date is Monday, January 13th.

U.S. Global Investors has raised its dividend by an average of 12.9% per year over the last three years.

U.S. Global Investors Stock Performance

NASDAQ GROW remained flat at $2.42 during mid-day trading on Friday. 23,633 shares of the company were exchanged, compared to its average volume of 13,055. The stock has a market cap of $32.73 million, a PE ratio of 18.62 and a beta of 1.83. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $2.95. The company has a 50 day moving average of $2.44 and a 200 day moving average of $2.51.

Analysts Set New Price Targets

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