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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Friday, September 20th, Zacks reports. Shareholders 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 yield of 3.26%. The ex-dividend date of this dividend is Monday, October 14th.

U.S. Global Investors has increased its dividend payment by an average of 44.2% per year over the last three years.

U.S. Global Investors Stock Up 2.2 %

Shares of GROW opened at $2.58 on Friday. The company has a market cap of $35.90 million, a price-to-earnings ratio of 21.50 and a beta of 1.83. U.S. Global Investors has a twelve month low of $2.47 and a twelve month high of $3.11. The company has a 50 day moving average of $2.59 and a two-hundred day moving average of $2.63.

Analysts Set New Price Targets

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