Welcome to our dedicated page for US Global Invstr news (Ticker: GROW), a resource for investors and traders seeking the latest updates and insights on US Global Invstr stock.
U.S. Global Investors (GROW) is a specialized investment adviser with five decades of experience in global markets and thematic ETFs. This news hub provides investors with essential updates on the company's strategic initiatives, market positions, and financial developments.
Discover timely information about earnings announcements, fund performance updates, and leadership insights. Track GROW's activity in gold markets, emerging economies, and innovative sectors like travel technology through verified press releases and analysis.
Our curated collection features updates on corporate governance decisions, dividend declarations, and the implementation of Smart Beta 2.0 strategies across portfolios. Stay informed about regulatory filings and sector-specific developments affecting GROW's niche investment products.
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U.S. Global Investors, Inc. (GROW) announced its continuation of monthly dividends, declaring $0.0075 per share for October 2021, marking over 12 years of consistent payouts. The record date for this dividend is October 11, with payments scheduled for October 25. The annualized yield based on the October 20 closing price of $6.42 is 1.40%. Additionally, the company has a stock repurchase program authorizing up to $2.75 million for share buybacks through December 2021.
U.S. Global Investors (GROW) announced a restatement of its consolidated financial statements for the three and nine months ended March 31, 2021, due to non-cash adjustments related to securities held from HIVE Blockchain Technologies. The adjustments will increase total fair value by approximately $5.8 million. Despite this, the company's quarterly operating revenues of $6.4 million remain unchanged. Additionally, GROW received a deficiency notice from Nasdaq for late filing but can submit a compliance plan to regain compliance by December 17, 2021.
U.S. Global Investors, Inc. (GROW) has announced a 50% increase in its monthly dividend, rising from $0.0050 to $0.0075. This increase, effective from October 2021, reflects the Board's confidence in the company’s growth in revenues and cash flow. The new dividend will be paid monthly through December 2021, with record dates set for October 11, November 15, and December 13, and payment dates on October 25, November 29, and December 27. This marks the second dividend increase in 2021, following an earlier adjustment in February.
U.S. Global Investors (GROW) has partnered with HANetf to launch the U.S. Global Jets UCITS ETF, the first global airlines industry ETF in Europe, now trading on the London Stock Exchange. This follows the launch of a similar ETF on the Mexican Stock Exchange earlier this year. The new ETF aims to attract European investors seeking growth opportunities post-COVID-19, with a focus on recovering leisure travel and rising economic indicators. The ETFs will include stocks from major European airlines, signaling the Company’s ongoing expansion into international markets.
U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend payments, declaring $0.0050 per share starting July 2021 through September 2021. The record dates are July 12, August 16, and September 13, with payment dates on July 26, August 30, and September 27. As of May 28, 2021, this dividend reflects a 0.96% yield based on a closing stock price of $6.22. Future dividends will depend on the company's financial performance and general market conditions, as determined at the discretion of the board.
U.S. Global Investors (NASDAQ: GROW) reported significant financial gains for the quarter ending March 31, 2021. The company achieved total operating revenues of $6.4 million, up 23% QoQ and 595% YoY. Net income surged to $14.2 million, or $0.94 per share, compared to a net loss of $1.6 million a year prior. Assets under management (AUM) reached $4.6 billion, marking over a 590% increase YoY. The U.S. Global Jets ETF (JETS) saw inflows reaching $4.0 billion, driven by a rebound in travel demand due to vaccine rollouts. The company also engaged in investments in HIVE Blockchain Technologies.
U.S. Global Investors (GROW) will host a webcast on May 10, 2021, at 7:30 a.m. CT to discuss its Q3 2021 results. The event will include updates on the company's profitability and the strong performance of its investment products, alongside insights on HIVE Blockchain Technologies, which offers strategic exposure to the cryptocurrency market. Financial figures for the quarter will be released prior to the webcast. Key executives will present various highlights, including financial metrics and media strategies.
U.S. Global Investors, Inc. (Nasdaq: GROW) will host a webcast on May 10, 2021, at 7:30 a.m. Central time to discuss its third-quarter 2021 results. Financial data will be released prior to the event. CEO Frank Holmes will update on profitability and investment product performance, while CFO Lisa Callicotte will provide financial highlights for the quarter ending March 31, 2021. Marketing manager Holly Schoenfeldt will share insights on the company's media strategy. For more details, visit www.usfunds.com.
U.S. Global Investors, a registered investment advisory firm, announced that its airlines ETF, the U.S. Global Jets ETF (JETS), is now cross-listed on the Mexican Stock Exchange (BMV). This listing expands JETS' global reach, allowing Mexican investors to access the fund. JETS has seen significant growth, reaching $4.16 billion in assets under management as of April 7, 2021, representing a 1,150% increase from the previous year. The CEO expressed optimism for the airline industry in 2021 due to rising vaccination rates and increasing demand for air travel.
U.S. Global Investors, Inc. (GROW) has announced the continuation of its monthly dividend payments, maintaining a rate of $0.0050 per share from April through June 2021. This follows a recent 100% increase in the dividend amount, effective February 2021, which raised the monthly payout from $0.0025 per share. The annualized yield at the March 17, 2021 closing price of $7.90 stands at 0.76%. Future dividends will be assessed by the board based on the company's financial performance and other critical factors.
