U.S. Global Investors Continues GROW Dividends

Rhea-AI Summary

U.S. Global Investors, Inc. (GROW) has announced the continuation of its monthly dividend payments, maintaining a rate of $0.0050 per share from April through June 2021. This follows a recent 100% increase in the dividend amount, effective February 2021, which raised the monthly payout from $0.0025 per share. The annualized yield at the March 17, 2021 closing price of $7.90 stands at 0.76%. Future dividends will be assessed by the board based on the company's financial performance and other critical factors.

Positive

• 100% increase in monthly dividend from $0.0025 to $0.0050.
• Continued monthly dividends since June 2007.
• Stable annualized yield of 0.76% based on recent stock price.

Negative

• None.

San Antonio, Texas, March 18, 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 April 2021 and continuing through June 2021. The record dates are April 12, May 10 and June 14, and the payment dates will be April 26, May 24 and June 28.

Having paid monthly dividends since June 2007, the Company recently approved a 100% increase in the monthly dividend from $0.0025 per share to $0.0050 starting in February 2021.

At the March 17, 2021, closing price of $7.90, the $0.0050 monthly dividend equals a 0.76 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.

FAQ

When will GROW pay dividends?

GROW will pay dividends on April 26, May 24, and June 28, 2021.

What is the dividend amount for GROW?

The dividend amount for GROW is $0.0050 per share per month.

What is the dividend yield for GROW?

The annualized dividend yield for GROW is 0.76% based on the closing price of $7.90.

How long has GROW been paying dividends?

GROW has been paying monthly dividends since June 2007.

Will GROW continue to pay dividends in the future?

Future dividends will depend on the board's assessment of the company's financial performance and other factors.