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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Monday, March 2nd. Investors of record on Monday, May 11th will be given a dividend of 0.0075 per share by the asset manager on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, May 11th.

U.S. Global Investors has increased its dividend payment by an average of 0.2%per year over the last three years.

U.S. Global Investors Price Performance

NASDAQ GROW opened at $2.62 on Friday. The stock has a market capitalization of $33.96 million, a P/E ratio of -262,000.00 and a beta of 0.71. U.S. Global Investors has a 52-week low of $2.13 and a 52-week high of $3.65. The firm has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.72.

U.S. Global Investors (NASDAQ:GROW) last issued its earnings results on Friday, February 20th. The asset manager reported ($0.07) earnings per share for the quarter. U.S. Global Investors had a return on equity of 0.22% and a net margin of 1.11%.The company had revenue of $2.51 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GROW. Rothschild Wealth LLC acquired a new position in U.S. Global Investors during the fourth quarter worth about $1,260,000. North Star Investment Management Corp. grew its position in U.S. Global Investors by 3,590.9% during the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after buying an additional 395,000 shares during the period. CWA Asset Management Group LLC grew its position in U.S. Global Investors by 66.4% during the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock worth $1,016,000 after buying an additional 168,176 shares during the period. Gator Capital Management LLC grew its position in U.S. Global Investors by 18.9% during the fourth quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after buying an additional 132,207 shares during the period. Finally, Susquehanna International Group LLP grew its position in U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.