U.S. Global Investors, Inc. (NASDAQ:GROW) Raises Dividend to $0.00 Per Share

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.0025 per share by the asset manager on Monday, August 26th. This represents a $0.03 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from U.S. Global Investors’s previous monthly dividend of $0.002.

U.S. Global Investors has decreased its dividend by an average of 17.0% annually over the last three years.

Shares of GROW traded up $0.04 during trading hours on Tuesday, hitting $1.14. The stock had a trading volume of 28,564 shares, compared to its average volume of 70,657. U.S. Global Investors has a 1-year low of $0.92 and a 1-year high of $2.35.

U.S. Global Investors (NASDAQ:GROW) last issued its earnings results on Thursday, May 9th. The asset manager reported $0.05 EPS for the quarter. The company had revenue of $0.97 million during the quarter. U.S. Global Investors had a negative return on equity of 16.46% and a negative net margin of 72.71%.

TRADEMARK VIOLATION NOTICE: This report was first reported by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://dakotafinancialnews.com/2019/06/11/u-s-global-investors-inc-nasdaqgrow-raises-dividend-to-0-00-per-share.html.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

Recommended Story: Futures Contract

Dividend History for U.S. Global Investors (NASDAQ:GROW)

Receive News & Ratings for U.S. Global Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Investors and related companies with MarketBeat.com's FREE daily email newsletter.