U.S. Global Investors Continues GROW Dividends and Share Repurchase Program
December 03 2020 - 4:05PM
U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered
investment advisory firm with longstanding experience in global
markets and specialized sectors, will continue its payment of
monthly dividends in the third fiscal quarter of 2021.
The Company’s board of directors approved payment of the $0.0025
per share per month dividend beginning in January 2021 and
continuing through March 2021. The record dates are January 11,
February 8 and March 15, and the payment dates will be January 25,
February 22 and March 29.
At the December 2, 2020, closing price of $4.05, the $0.0025
monthly dividend equals a 0.74% yield on an annualized basis.
The continuation of future cash dividends will be determined by
the Company’s board of directors, at its sole discretion, after
review of the Company's financial performance and other factors,
and is dependent on earnings, operations, capital requirements,
general financial condition of the Company and general business
conditions.
The Company has paid a monthly dividend since June 2007 and
management continues to buy back stock. The Company will continue
the share repurchase program of up to $2.75 million of its
outstanding Class A common stock from time to time on the open
market for the trading period from and including January 1 through
December 31, 2021. The share repurchase program may be suspended or
discontinued at any time.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 40 years
when it began as an investment club. Today, U.S. Global Investors,
Inc. (www.usfunds.com) is a registered investment adviser that
focuses on niche markets around the world. Headquartered in San
Antonio, Texas, the Company provides money management and other
services to U.S. Global Investors Funds, U.S. Global ETFs and other
international clients.
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Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
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