U.S. Global Investors Continues GROW Dividends
SAN ANTONIO—December 16, 2014—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 first calendar quarter of 2015.
The company’s board of directors approved payment of the $0.005 per share per month dividend beginning in January 2015 and continuing through March 2015. The record dates are January 12, February 9 and March 9, and the payment dates will be January 26, February 23 and March 23.
At the end of this period, the company will have paid monthly dividends for more than seven years. At the December 12, 2014, closing price of $2.83, the $0.005 monthly dividend equals a 2.12 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 $1.2 billion in assets under management in the quarter ended September 30, 2014, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to fixed income.