U.S. Global Investors Continues GROW Dividends

Rhea-AI Summary

U.S. Global Investors, Inc. (GROW) announced the continuation of its monthly dividend payments during the first fiscal quarter of 2021, with a dividend of $0.0025 per share starting in July 2020. Record dates are July 13, August 17, and September 14, while payment dates are July 27, August 31, and September 28. This marks over 11 years of consistent monthly dividends. At a closing price of $2.33 on June 3, 2020, the dividend represents an annualized yield of 1.29%. Future dividends will depend on the company's financial performance.

Positive

• Continued monthly dividend payments for over 11 years.
• Monthly dividend of $0.0025 per share reflects company confidence.
• Annualized yield of 1.29% based on the recent closing price.

Negative

• Future dividends are subject to the board's discretion based on financial performance.

San Antonio, Texas, June 04, 2020 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, will continue its payment of monthly dividends for the first fiscal quarter of 2021.

The company’s board of directors approved payment of the $0.0025 per share per month dividend beginning in July 2020 and continuing through September 2020. The record dates are July 13, August 17 and September 14, and the payment dates will be July 27, August 31 and September 28.

At the end of this period, the company will have paid monthly dividends for more than 11 years. At the June 3, 2020, closing price of $2.33, the $0.0025 monthly dividend equals a 1.29 percent 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.

Holly Schoenfeldt
U.S. Global Investors, Inc.
210.308.1268
hschoenfeldt@usfunds.com

FAQ

What is the dividend amount for GROW in 2020?

U.S. Global Investors, Inc. declared a monthly dividend of $0.0025 per share starting in July 2020.

When are the payment dates for the GROW dividend?

The payment dates for the GROW dividend are July 27, August 31, and September 28, 2020.

How long has U.S. Global Investors been paying dividends?

U.S. Global Investors has been paying monthly dividends for over 11 years.

What is the yield of the GROW dividend based on the June 3, 2020 closing price?

The dividend yield is 1.29% based on the closing price of $2.33.

Are future dividends guaranteed for GROW stock?

Future dividends will be determined at the board's discretion, based on the company's financial performance.