U.S. Global Investors Continues GROW Dividends

Rhea-AI Summary

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.

Positive

• Monthly dividends continue at $0.0050 per share.
• Annualized yield of 0.96% based on May 28 closing price.
• Demonstrates company confidence in sustaining dividend payments.

Negative

• Future dividend payments are at the board's discretion, indicating potential uncertainty.
• Dependence on financial performance and market conditions may limit future distributions.

San Antonio, TX, June 02, 2021 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, will continue its payment of monthly dividends.

The company’s board of directors approved payment of the $0.0050 per share per month dividend beginning in July 2021 and continuing through September 2021. The record dates are July 12, August 16 and September 13, and the payment dates will be July 26, August 30 and September 27.

At the May 28, 2021, closing price of $6.22, the $0.0050 monthly dividend equals a 0.96% 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 payment schedule for GROW in 2021?

GROW has scheduled monthly dividend payments of $0.0050 per share for July, August, and September 2021.

When are the record and payment dates for GROW's dividends?

The record dates are July 12, August 16, and September 13, and the payment dates are July 26, August 30, and September 27.

What is the dividend yield for GROW based on the recent stock price?

The dividend yield for GROW is 0.96% based on a closing price of $6.22 on May 28, 2021.

How will future dividends for GROW be determined?

Future dividends will be determined by the board of directors based on the company's financial performance and general market conditions.