U.S. Global Investors, Inc. (NASDAQ:GROW) declared 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 is Friday, August 9th. This is an increase from U.S. Global Investors’s previous monthly dividend of $0.002.

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

U.S. Global Investors stock remained flat at $$1.14 during midday trading on Wednesday. The company had a trading volume of 3,344 shares, compared to its average volume of 70,657. U.S. Global Investors has a twelve month low of $0.92 and a twelve month high of $2.35.

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

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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.

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

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