U.S. Global Investors Announces an Update to Its $5 Million Stock Buyback Program, Reaffirming Commitment to Shareholder Value and Continuing Monthly Dividend
U.S. Global Investors (NASDAQ: GROW) has updated its stock repurchase program, allowing for the repurchase of up to $5 million worth of common stock between September 13, 2024, and December 31, 2024. This represents 14% of the Company's market capitalization. The move, along with the ongoing monthly dividend program, aims to enhance shareholder value.
The Company will continue to pay a monthly dividend of $0.0075 per share from October through December 2024, equating to a 3.54% annualized yield based on the September 18 closing price of $2.54. For the 12 months ended June 30, 2024, the Company's shareholder yield was 9.41%.
The press release also notes gold's recent performance, reaching a new all-time high intraday price of nearly $2,590 per ounce on September 16, 2024, attributed to geopolitical tensions and anticipation of Federal Reserve interest rate cuts.
U.S. Global Investors (NASDAQ: GROW) ha aggiornato il suo programma di riacquisto di azioni, consentendo il riacquisto di azioni ordinarie per un valore di fino a 5 milioni di dollari tra il 13 settembre 2024 e il 31 dicembre 2024. Questo rappresenta il 14% della capitalizzazione di mercato della Società. Questa mossa, insieme al programma di dividendi mensili in corso, mira a migliorare il valore per gli azionisti.
La Società continuerà a pagare un dividendo mensile di 0,0075 dollari per azione da ottobre a dicembre 2024, equivalenti a un rendimento annualizzato del 3,54% basato sul prezzo di chiusura del 18 settembre di 2,54 dollari. Per i 12 mesi conclusisi il 30 giugno 2024, il rendimento per gli azionisti della Società è stato del 9,41%.
Il comunicato stampa segnala anche le recenti performance dell'oro, che ha raggiunto un nuovo massimo storico intraday di quasi 2.590 dollari per oncia il 16 settembre 2024, attribuibile a tensioni geopolitiche e all'aspettativa di tagli dei tassi di interesse da parte della Federal Reserve.
U.S. Global Investors (NASDAQ: GROW) ha actualizado su programa de recompra de acciones, permitiendo la recompra de acciones ordinarias por un valor de hasta 5 millones de dólares entre el 13 de septiembre de 2024 y el 31 de diciembre de 2024. Esto representa el 14% de la capitalización de mercado de la Compañía. Este movimiento, junto con el programa de dividendos mensual en curso, tiene como objetivo mejorar el valor para los accionistas.
La Compañía continuará pagando un dividendo mensual de 0,0075 dólares por acción de octubre a diciembre de 2024, equivaliendo a un rendimiento anualizado del 3,54% basado en el precio de cierre del 18 de septiembre de 2,54 dólares. Durante los 12 meses que terminaron el 30 de junio de 2024, el rendimiento para los accionistas de la Compañía fue del 9,41%.
El comunicado de prensa también destaca el rendimiento reciente del oro, que alcanzó un nuevo máximo histórico intradía de casi 2,590 dólares por onza el 16 de septiembre de 2024, atribuido a tensiones geopolíticas y anticipación de recortes de tasas de interés por parte de la Reserva Federal.
U.S. Global Investors (NASDAQ: GROW)는 자사주 매입 프로그램을 업데이트했습니다. 2024년 9월 13일부터 2024년 12월 31일 사이에 500만 달러 상당의 보통주를 매입할 수 있게 허용합니다. 이는 회사의 시장 자본금의 14%에 해당합니다. 이 조치는 진행 중인 월별 배당 프로그램과 함께 주주 가치를 향상시키기 위한 것입니다.
회사는 2024년 10월부터 12월까지 주당 0.0075 달러의 월배당금을 지급할 것이며, 이는 9월 18일 종가인 2.54달러를 기준으로 연환산 수익률 3.54%에 해당합니다. 2024년 6월 30일로 종료된 12개월 동안, 회사의 주주 수익률은 9.41%였습니다.
보도 자료는 또한 금의 최근 성과를 언급하며, 2024년 9월 16일 거의 2,590달러의 사상 최고 intraday 가격에 도달했으며, 이는 지정학적 긴장과 연방준비제도의 금리 인하 예상에 기인합니다.
U.S. Global Investors (NASDAQ: GROW) a mis à jour son programme de rachat d'actions, autorisant le rachat jusqu'à 5 millions de dollars d'actions ordinaires entre le 13 septembre 2024 et le 31 décembre 2024. Cela représente 14 % de la capitalisation boursière de l'entreprise. Cette décision, avec le programme de dividendes mensuels en cours, vise à accroître la valeur pour les actionnaires.
L'entreprise continuera à verser un dividende mensuel de 0,0075 dollars par action d'octobre à décembre 2024, équivalant à un rendement annualisé de 3,54% basé sur le prix de clôture du 18 septembre à 2,54 dollars. Sur les 12 mois se terminant le 30 juin 2024, le rendement pour les actionnaires de l'entreprise était de 9,41%.
Le communiqué de presse note également la performance récente de l'or, atteignant un nouveau prix intrajournalier record de près de 2.590 dollars l'once le 16 septembre 2024, attribué à des tensions géopolitiques et à l'anticipation de réductions de taux d'intérêt par la Réserve fédérale.
U.S. Global Investors (NASDAQ: GROW) hat sein Aktienrückkaufprogramm aktualisiert, das den Rückkauf von bis zu 5 Millionen US-Dollar an Stammaktien zwischen dem 13. September 2024 und dem 31. Dezember 2024 erlaubt. Dies entspricht 14% der Marktkapitalisierung des Unternehmens. Dieser Schritt, zusammen mit dem laufenden monatlichen Dividendenprogramm, zielt darauf ab, den Shareholder-Wert zu steigern.
Das Unternehmen wird von Oktober bis Dezember 2024 weiterhin eine monatliche Dividende von 0,0075 US-Dollar pro Aktie zahlen, was einem annualisierten Ertrag von 3,54% basierend auf dem Schlusskurs vom 18. September von 2,54 US-Dollar entspricht. Für die 12 Monate bis zum 30. Juni 2024 betrug die Aktionärsrendite des Unternehmens 9,41%.
In der Pressemitteilung wird auch die jüngste Leistung von Gold erwähnt, das am 16. September 2024 einen neuen intraday Höchstpreis von fast 2.590 US-Dollar pro Unze erreichte, was auf geopolitische Spannungen und die Erwartung von Zinssenkungen der Federal Reserve zurückzuführen ist.
- Announcement of $5 million stock buyback program, representing 14% of market capitalization
- Continuation of monthly dividend program with $0.0075 per share
- High shareholder yield of 9.41% for the 12 months ended June 30, 2024
- Gold price reaching new all-time high, potentially benefiting company investments
- None.
Insights
U.S. Global Investors' $5 million stock buyback program, representing
However, investors should note that the company's market cap is relatively small and the buyback's impact on stock price and liquidity needs careful monitoring. While the strategy aligns with successful programs like Oracle's, the scale and market conditions differ significantly. The company's focus on gold investments could provide a hedge against economic uncertainties, but it also exposes it to commodity price volatility.
The gold market's recent performance, hitting a new all-time high of nearly
However, investors should be cautious. While current trends favor gold investments, market conditions can rapidly change. The company's strategy heavily relies on the continued strength of gold and other specialized sectors, which may not always outperform broader market indices. Diversification within the company's offerings and adaptability to changing market conditions will be key factors to watch.
San Antonio, TX, Sept. 20, 2024 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (“the Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today announces an update to the stock repurchase program, allowing for the orderly and systematic repurchase of up to
The Company’s Board of Directors (“the Board”) has approved the update to this buyback program as part of U.S. Global Investors’ strategy to return excess capital to shareholders, reflecting confidence in the Company’s long-term growth prospects and financial health. This buyback is a substantial commitment, aligning the Company with the best practices of highly successful buyback programs seen at companies like Oracle, which has been repurchasing its shares since 2012, and supported by Warren Buffett’s philosophy of returning value to shareholders.
“We believe that repurchasing our shares at current levels offers a compelling opportunity to enhance shareholder value,” says Frank Holmes, CEO of U.S. Global Investors. “By reducing the number of outstanding shares, we aim to increase earnings per share (EPS) and provide greater ownership value to our shareholders. This buyback, alongside our ongoing monthly dividend, demonstrates our confidence in the company’s strong financial foundation and future potential.”
Under the repurchase plan, the Company will continue to purchase shares when the Class A shares are equal to or below the previous day’s closing price or if the stock trades below a certain amount per share. The Company may also purchase a block of up to 100,000 shares, on a downtick, usually at the bid or below, in accordance with Rule 10b-18.
Prioritizing Shareholder Yield and Dividend Income for Sustained Stock Price Growth
The Board approved payment of the
At the September 18, closing price of
“We understand that having a strong shareholder yield is important for stock growth,” Mr. Holmes says. “It measures how much value a company returns to its shareholders through dividends, buybacks and debt reduction. We believe that by focusing on these items, we can create a more attractive investment proposition.”
Gold's Surge Above
The Company would also like to take this opportunity to note the positive performance of gold, an important asset to many of the Company’s investments.
“On September 16, gold recorded a new all-time high intraday price of nearly
“As many readers are aware, the price of gold has historically shared an inverse relationship with Treasury yields. The yield on the 10-year Treasury note, now below its 200-day moving average, has fallen to a 52-week low of
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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 investment advisory and other services to U.S. Global Investors Funds and U.S. Global ETFs.
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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. The shareholder yield is a ratio that shows how much money the company is sending back to shareholders through a combination of dividends and share repurchases.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the press release were held by any accounts managed by U.S. Global Investors as of 6/30/2024.
[1] The Company computes shareholder yield by adding the percentage of change in shares outstanding to the dividend yield for the 12 months ending June 30, 2024. The Company did not have debt; therefore, no debt reduction was included.
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