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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given 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 raised its dividend by an average of 44.2% annually over the last three years.

U.S. Global Investors Price Performance

Shares of NASDAQ GROW remained flat at $2.42 during trading on Wednesday. 16,386 shares of the stock were exchanged, compared to its average volume of 33,199. The company has a market cap of $32.73 million, a P/E ratio of 18.62 and a beta of 1.83. The business’s fifty day moving average price is $2.44 and its 200-day moving average price is $2.53. U.S. Global Investors has a twelve month low of $2.38 and a twelve month high of $3.05.

Wall Street Analysts Forecast Growth

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