U.S. Global Investors Inc. operates as a registered investment advisory firm serving U.S. Global Investors Funds and U.S. Global ETFs. The company reports assets under management, advisory revenue, investment income, quarterly and annual results, webcast schedules and board-approved monthly dividends as recurring corporate updates.
Its communications also describe specialized fund strategies tied to niche markets, including gold and precious metals miners, airlines, energy producers, technology, aerospace and defense. Recurring product references include GOAU, JETS, WAR, USERX, UNWPX and the Global Resources Fund, along with the firm’s Smart Beta 2.0 investment discipline and corporate investments made for its own account.
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.
U.S. Global Investors (GROW) announced the filing of restated consolidated financial statements for the three and nine months ending March 31, 2021, reflecting non-cash adjustments. The adjustments resulted in a net income decrease of $5.6 million and an asset increase of approximately $5.8 million. Additionally, GROW received a notice from Nasdaq for non-compliance with filing rules, having not submitted its Form 10-K for June 30, 2021. The company has until December 17, 2021, to submit a compliance plan.
U.S. Global Investors (GROW) has acquired 1 million shares of Network Entertainment to enhance its position in the burgeoning NFT market. This investment aims to leverage Network's intellectual property, which includes popular documentaries, for NFT creation and distribution. U.S. Global emphasizes the growth potential in NFTs, which saw sales reach $10.7 billion in Q3 2021, significantly up from $28 million the previous year. The firm is optimistic about future demand for NFTs and their connection to Ether, the cryptocurrency utilized in most NFT transactions.
U.S. Global Investors, Inc. (GROW) announced its continuation of monthly dividends, declaring $0.0075 per share for October 2021, marking over 12 years of consistent payouts. The record date for this dividend is October 11, with payments scheduled for October 25. The annualized yield based on the October 20 closing price of $6.42 is 1.40%. Additionally, the company has a stock repurchase program authorizing up to $2.75 million for share buybacks through December 2021.
U.S. Global Investors (GROW) announced a restatement of its consolidated financial statements for the three and nine months ended March 31, 2021, due to non-cash adjustments related to securities held from HIVE Blockchain Technologies. The adjustments will increase total fair value by approximately $5.8 million. Despite this, the company's quarterly operating revenues of $6.4 million remain unchanged. Additionally, GROW received a deficiency notice from Nasdaq for late filing but can submit a compliance plan to regain compliance by December 17, 2021.
U.S. Global Investors, Inc. (GROW) has announced a 50% increase in its monthly dividend, rising from $0.0050 to $0.0075. This increase, effective from October 2021, reflects the Board's confidence in the company’s growth in revenues and cash flow. The new dividend will be paid monthly through December 2021, with record dates set for October 11, November 15, and December 13, and payment dates on October 25, November 29, and December 27. This marks the second dividend increase in 2021, following an earlier adjustment in February.
U.S. Global Investors (GROW) has partnered with HANetf to launch the U.S. Global Jets UCITS ETF, the first global airlines industry ETF in Europe, now trading on the London Stock Exchange. This follows the launch of a similar ETF on the Mexican Stock Exchange earlier this year. The new ETF aims to attract European investors seeking growth opportunities post-COVID-19, with a focus on recovering leisure travel and rising economic indicators. The ETFs will include stocks from major European airlines, signaling the Company’s ongoing expansion into international markets.
U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend payments, declaring $0.0050 per share starting July 2021 through September 2021. The record dates are July 12, August 16, and September 13, with payment dates on July 26, August 30, and September 27. As of May 28, 2021, this dividend reflects a 0.96% yield based on a closing stock price of $6.22. Future dividends will depend on the company's financial performance and general market conditions, as determined at the discretion of the board.
U.S. Global Investors (NASDAQ: GROW) reported significant financial gains for the quarter ending March 31, 2021. The company achieved total operating revenues of $6.4 million, up 23% QoQ and 595% YoY. Net income surged to $14.2 million, or $0.94 per share, compared to a net loss of $1.6 million a year prior. Assets under management (AUM) reached $4.6 billion, marking over a 590% increase YoY. The U.S. Global Jets ETF (JETS) saw inflows reaching $4.0 billion, driven by a rebound in travel demand due to vaccine rollouts. The company also engaged in investments in HIVE Blockchain Technologies.
U.S. Global Investors (GROW) will host a webcast on May 10, 2021, at 7:30 a.m. CT to discuss its Q3 2021 results. The event will include updates on the company's profitability and the strong performance of its investment products, alongside insights on HIVE Blockchain Technologies, which offers strategic exposure to the cryptocurrency market. Financial figures for the quarter will be released prior to the webcast. Key executives will present various highlights, including financial metrics and media strategies.