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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.0075 per share by the asset manager on Monday, January 27th. This represents a $0.09 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, January 13th.

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

U.S. Global Investors Price Performance

NASDAQ GROW opened at $2.42 on Friday. The stock has a market capitalization of $32.73 million, a P/E ratio of 18.62 and a beta of 1.83. U.S. Global Investors has a 52-week low of $2.38 and a 52-week high of $2.95. The firm has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.52.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of U.S. Global Investors in a research note on Tuesday. They issued a “hold” rating for the company.

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.