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US Global Investors (GROW) Stock News, Mar-Nov 2023

GROW NASDAQ

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.

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U.S. Global Investors, which manages the U.S. Global Jets ETF (GROW), announced that the ETF is now available for trading through Bank of America-Merrill. Launched in April 2015, JETS focuses on the global aviation sector, investing in airlines, airports, and travel-related companies. The ETF has shown strong performance, outperforming the NYSE Arca Global Airline Index and the S&P 500 over a six-month period ending February 2023. The International Civil Aviation Organization forecasts that air passenger demand will return to pre-pandemic levels by Q1 2023, boosting optimism for JETS' future performance.

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U.S. Global Investors, Inc. (NASDAQ: GROW) announced the continuation of monthly dividends for the fourth fiscal quarter of 2023, with a dividend of $0.0075 per share starting in April 2023 through June 2023. The record dates are set for April 10, May 8, and June 12, while payment dates will be April 24, May 22, and June 26. This marks over 13 years of monthly dividend payments. The Board will evaluate future dividends based on financial performance, earnings, and business conditions. CEO Frank Holmes highlighted the benefits of their mutual funds, particularly in light of potential tax increases on high earners.

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FAQ

What is the current stock price of US Global Investors (GROW)?

US Global Investors (GROW) last closed at $2.7.

What is the market cap of US Global Investors (GROW)?

The market cap of US Global Investors (GROW) is approximately $33.2M.