U.S. Global Investors Continues Monthly GROW Dividend in November

Rhea-AI Summary

U.S. Global Investors, Inc. (NASDAQ: GROW) announced its continuation of monthly dividends, maintaining a payment of $0.0075 per share authorized in September 2021. The November record date was November 15, with payment on November 29. This dividend reflects a 1.57% annual yield based on a closing price of $5.72. The company also has an ongoing stock repurchase program allowing up to $2.75 million in buybacks through December 31, 2021. Dividend payment decisions depend on various factors including financial performance and market conditions.

Positive

• Consistent dividend payments for over 12 years, enhancing shareholder income.
• Dividend increased twice in the past year, signaling company confidence.
• Stock repurchase program authorized for up to $2.75 million, potentially supporting stock price.

Negative

• None.

San Antonio, TX, Nov. 29, 2021 (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, will continue its payment of monthly dividends in November.

Monthly Dividends

A monthly dividend of $0.0075 per share was authorized in September 2021 to continue through December 2021. The November dividend record date is November 15, and the payment date is November 29.

The Company has paid a monthly dividend for more than 12 years straight and has increased its dividend twice in the past calendar year. At the November 26, 2021, closing price of $5.72, the $0.0075 monthly dividend equals a 1.57% yield on an annualized basis.

The continuation of future cash dividends will be determined by the Board, 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.

Stock Repurchases

The Company also has a stock repurchase program, approved by the Board of Directors, authorizing it to annually purchase up to $2.75 million of its outstanding common shares on the open market through December 31, 2021. The buyback program has been in place since December 2012. The plan may be suspended or discontinued at any time.

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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 money management and other services to U.S. Global Investors Funds and U.S. Global ETFs.

FAQ

What is the dividend amount for U.S. Global Investors (GROW) in November 2021?

U.S. Global Investors (GROW) announced a monthly dividend of $0.0075 per share for November 2021.

When is the payment date for the November dividend of U.S. Global Investors?

The payment date for the November dividend is November 29, 2021.

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

The November dividend yield for GROW is 1.57% based on a closing price of $5.72.

Is U.S. Global Investors planning future dividends?

Future dividends will be determined by the Board based on financial performance and market conditions.