U.S. Global Investors Increases Share Buyback Program
February 25 2022 - 10:20AM
U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a
registered investment advisory firm with longstanding experience in
global markets and specialized sectors, is pleased to announce that
it has increased the limit to its annual share buyback program 82%,
from $2.75 million to $5 million.
As before, the Company strategically repurchases stock on down
days using an algorithm. The decision to increase the amount is to
complement two increases to the Company’s monthly dividend, one in
February 2021 and another in October 2021. The dividend payout is
up 50% from a year ago. The maximum amount of capital committed to
buy back stocks is up over 80% to $5 million for the calendar
year.
“The increase to the buyback program reflects the Board of
Directors’ continued confidence in the Company’s financial
strategy. The directors believe the Company is undervalued relative
to other asset managers based on a number of fundamental factors,
including return on assets and return on equity. The Board believes
it is prudent to have increased dividends and stock buybacks while
reserving some capital to be able to launch new smart-beta products
such as the U.S. Global Sea to Sky Cargo ETF (SEA). In addition,
the Company is debt free,” says Frank Holmes, Company CEO and Chief
Investment Officer.
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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.
Forward-Looking Statements and Disclosure
Please consider carefully a fund’s investment objectives, risks,
charges and expenses. For this and other important information,
obtain a statutory and summary prospectus by
visiting www.usglobaletfs.com. Read it carefully before
investing.
Smart beta refers to a type of exchange-traded
fund (ETF) that uses a rules-based system for selecting
investments to be included in the fund portfolio. The
price-to-sales (P/S) ratio is a valuation ratio that compares a
company’s stock price to its revenues. Return on assets (ROA)
compares the value of a business’s assets with the profits it
produces over a set period of time. Return on equity (ROE) is
a measure of financial performance calculated by dividing net
income by shareholders' equity. The price-to-earnings
ratio (P/E ratio) is the ratio for valuing a company that measures
its current share price relative to its earnings per
share (EPS).
Distributed by Quasar Distributors, LLC. U.S. Global Investors
is the investment adviser to SEA.
- U.S. Global Investors vs. Competition
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
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