U.S. Global Investors Continues Monthly GROW Dividend in October
October 25 2021 - 8:30AM
U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a
registered investment advisory firm with longstanding experience in
global markets and specialized sectors, will continue its payment
of monthly dividends in October.
Monthly Dividends
A monthly dividend of $0.0075 per share was authorized in
September 2021 to continue through December 2021. The October
dividend record date is October 11 and the payment date is October
25.
As of the October payment, the Company has paid a monthly
dividend for more than 12 years straight and has increased its
dividend twice in the past calendar year. At the October 20, 2021,
closing price of $6.42, the $0.0075 monthly dividend equals a 1.40%
yield on an annualized basis.
The continuation of future cash dividends will be determined by
the Board, 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.
Stock Repurchases
The Company also has a stock repurchase program, approved by the
Board of Directors, authorizing it to annually purchase up to $2.75
million of its outstanding common shares on the open market through
December 31, 2021. The buyback program has been in place since
December 2012. The plan may be suspended or discontinued at any
time.
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About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 50 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 and U.S. Global ETFs.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
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