U.S. Global Investors Continues GROW Dividends
SAN ANTONIO—March 3, 2015—U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisory firm specializing in natural resources, emerging markets, domestic equities and municipal bonds, will continue its payment of monthly dividends in the second calendar quarter of 2015.
The company’s board of directors approved payment of the $0.005 per share per month dividend beginning in April 2015 and continuing through June 2015. The record dates are April 13, May 11 and June 15, and the payment dates will be April 27, May 26 and June 29.
At the end of this period, the company will have paid monthly dividends for more than seven years. At the March 2, 2015, closing price of $3.19, the $0.005 monthly dividend equals a 1.88 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 40 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment advisor 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 other international clients.
With an average of $927 million in assets under management in the quarter ended December 31, 2014, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to fixed income.