U.S. Global Investors Continues GROW Dividends, Paying Monthly Since June 2007

Rhea-AI Summary

U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend of $0.0075 per share, effective from April through June 2022. The board of directors has set record dates for the dividend on April 11, May 9, and June 13, with payment dates on April 25, May 23, and June 27. As of March 16, 2022, the closing price of $4.88 translates to a yield of 1.84% on an annualized basis. The company's strategic stock buyback program has also been increased to $84,180, utilizing an algorithm to repurchase shares on down days.

Positive

• Monthly dividend of $0.0075 per share, providing a 1.84% annualized yield.
• Increased stock buyback program to $84,180, enhancing shareholder value.

Negative

• Future dividend payments are subject to the board's discretion based on financial performance.
• Dependence on earnings and general business conditions may affect dividend sustainability.

San Antonio, TX, March 17, 2022 (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, is pleased to announce the continuation of monthly dividends and the purchase of $84,180 in GROW stock since increasing the limit to its annual share buyback program on February 23, 2022. The Company strategically repurchases stock on down days using an algorithm.

The company’s board of directors approved payment of the $0.0075 per share per month dividend beginning in April 2022 and continuing through June 2022. The record dates are April 11, May 9 and June 13, and the payment dates will be April 25, May 23 and June 27.

At the March 16, 2022, closing price of $4.88, the $0.0075 monthly dividend equals a 1.84% yield on an annualized basis.

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.

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.

FAQ

What is the dividend amount for GROW?

The dividend amount for GROW is $0.0075 per share.

When will the dividends for GROW be paid?

Dividends will be paid on April 25, May 23, and June 27, 2022.

What are the record dates for the GROW dividends?

The record dates for the GROW dividends are April 11, May 9, and June 13, 2022.

What is the annualized yield for GROW's dividend?

The annualized yield for GROW's dividend is 1.84% based on a closing price of $4.88.

Can GROW sustain its dividend payments?

Future dividend payments for GROW depend on financial performance and other factors as determined by the board.