U.S. Global Investors Provides Updates to Monthly GROW Dividends and Share Repurchase Program
- Payment of $0.0075 per share per month dividend with a 3.02% yield
- 32% increase in shares repurchased in August
- None.
San Antonio, TX, Sept. 20, 2023 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to announce that it will continue its payment of monthly dividends.
The Company’s Board of Directors (the “Board”) approved payment of the
At the September 19, closing price of
At the end of this period, the Company will have paid monthly GROW dividends for more than 13 years.
Share Repurchase Program
In the month of August, the Company repurchased a total of 81,638 class A shares using cash of approximately
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 investment advisory and other services to U.S. Global Investors Funds and U.S. Global ETFs.
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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.