U.S. Global Investors Continues GROW Dividends
June 18, 2012
SAN ANTONIO—June 18, 2012—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment adviser specializing in natural resources and emerging markets, will continue its payment of monthly dividends in the third calendar quarter of 2012.
The company’s board of directors approved payment of the 2-cents-per-share monthly dividend beginning in July 2012 and continuing through September 2012. The record dates are July 9, August 13 and September 10, and the payment dates will be July 23, August 27 and September 24.
At the end of this period, the company will have paid monthly dividends for 64 straight months. At the June 13, 2012, closing price of $4.57, the 2-cents-per-share monthly dividend equals a 5.3 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.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients.
With an average of $1.97 billion in assets under management in the quarter ended March 31, 2012, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets.