U.S. Global Investors Provides Updates to Monthly GROW Dividends and Share Repurchase Program
September 20 2023 - 5:29PM
U.S. Global Investors, Inc. (NASDAQ: GROW), a registered
investment advisory firm with longstanding experience in global
markets and specialized sectors, is pleased to announce that it
will continue its payment of monthly dividends.
The Company’s Board of Directors (the “Board”) approved payment
of the $0.0075 per share per month dividend beginning in October
2023 and continuing through December 2023. The record dates are
October 9, November 13 and December 11, and the payment dates will
be October 23, November 27 and December 26.
At the September 19, closing price of $2.98, the $0.0075 monthly
dividend equals a 3.02% yield on an annualized basis.
At the end of this period, the Company will have paid monthly
GROW dividends for more than 13 years.
Share Repurchase Program
In the month of August, the Company repurchased a total of
81,638 class A shares using cash of approximately $251,000. This
represents an approximately 32% increase over the number of shares
repurchased in July. The repurchase program has been in place since
December 2012, and the Board has renewed the repurchase program
each calendar year. The Company buys back stock on flat or down
days.
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 investment advisory and other services
to U.S. Global Investors Funds and U.S. Global ETFs.
To sign up for news and research on a variety of asset
classes, from gold to airlines to digital assets, please
click here.
Follow U.S. Global Investors on Twitter
by clicking here.
Subscribe to U.S. Global Investors’ YouTube channel
by clicking here.
# # #
The continuation of future cash dividends will be determined by
U.S. Global’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.
Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com
US Global Investors (NASDAQ:GROW)
Historical Stock Chart
From Aug 2024 to Sep 2024
US Global Investors (NASDAQ:GROW)
Historical Stock Chart
From Sep 2023 to Sep 2024