U.S. Global Investors Announces a 50% Increase in Monthly Dividend

Rhea-AI Summary

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.

Positive

• 50% increase in monthly dividend from $0.0050 to $0.0075.
• Second dividend increase in 2021, indicating strong company performance.

Negative

• None.

SAN ANTONIO, Sept. 30, 2021 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to announce that its Board of Directors (the “Board”) has approved a 50% increase in the monthly dividend, from $0.0050 to $0.0075.

The Board approved payment of $0.0075 per share per month beginning in October 2021 and continuing through December 2021. The record dates are October 11, November 15 and December 13, and the payment dates will be October 25, November 29 and December 27.

This is the second time that a GROW dividend increase has been approved in 2021, the first being in February, when the Board voted to raise the payment from $0.0025 to $0.0050.

“The increase reflects the Board’s confidence in the Company’s growth in revenues and cash flow, as well as its ongoing strategic investment in HIVE Blockchain Technologies,” commented Frank Holmes, Company CEO and Chief Investment Officer. Shareholders are highly encouraged to listen to a replay of the HIVE earnings webcast by clicking here.

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.

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.

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Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE. Effective 8/31/2018, Frank Holmes serves as the interim executive chairman of HIVE.

FAQ

What is the new dividend amount for GROW?

The new monthly dividend for GROW has increased to $0.0075.

When is the dividend payment date for GROW?

The payment dates for the dividend are October 25, November 29, and December 27, 2021.

What are the record dates for the GROW dividend?

The record dates are October 11, November 15, and December 13, 2021.

How many times has GROW increased its dividend in 2021?

GROW has increased its dividend twice in 2021.

What factors determine future dividends for GROW?

Future dividends will depend on the company's financial performance, earnings, operations, capital requirements, and general business conditions.