US Global Invstr Stock Price, News & Analysis

U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend of $0.0075 per share, effective from April through June 2022. The board of directors has set record dates for the dividend on April 11, May 9, and June 13, with payment dates on April 25, May 23, and June 27. As of March 16, 2022, the closing price of $4.88 translates to a yield of 1.84% on an annualized basis. The company's strategic stock buyback program has also been increased to $84,180, utilizing an algorithm to repurchase shares on down days.

On February 25, 2022, U.S. Global Investors announced an increase of 82% in its annual share buyback program limit, raising it from $2.75 million to $5 million. This strategic move is aimed at reinforcing the Company’s financial strategy and reflects confidence from the Board of Directors, citing the company’s undervaluation compared to peers. The decision follows two previous increases in the monthly dividend, now 50% higher than last year. The Company remains debt-free, allowing for further capital allocation towards new product launches.

U.S. Global Investors (NASDAQ: GROW) reported strong financial results for the quarter ending December 31, 2021. Operating revenues rose to $6.6 million, marking a 39% increase year-over-year. Net income surged 50% quarter-over-quarter to $3.6 million, equating to $0.24 per share. Average assets under management (AUM) also increased by 40% YOY to $4.1 billion. The firm announced a monthly dividend of $0.0075 per share through March 2022, alongside its share repurchase program. The recent launch of the U.S. Global Sea to Sky Cargo ETF (SEA) expands its ETF offerings.

U.S. Global Investors, trading under the ticker GROW, announced the launch of its third exchange-traded fund, the U.S. Global Sea to Sky Cargo ETF, which began trading on January 20, 2022. This ETF utilizes a smart-beta 2.0 strategy, focusing 70% on cargo shipping and 30% on air freight. The CEO, Frank Holmes, highlighted the shipping sector's attractiveness, citing record profits of $150 billion in 2021 for global cargo carriers. Additionally, the company amended its Form 10-Q for the quarter ended September 30, 2021, to include previously omitted advisory fees without altering key financial metrics.

U.S. Global Investors (GROW) announced the launch of its new U.S. Global Sea to Sky Cargo ETF (SEA), set to begin trading on the NYSE on January 20, 2022. This ETF seeks to provide access to the global sea shipping and air freight industries, with a focus on efficient companies. Container shipping represents 70% of SEA's holdings, with air freight comprising 30%. CEO Frank Holmes emphasized favorable pricing power in the shipping sector and anticipated sustained demand driven by a growing global middle class, projecting a significant increase in trade.

U.S. Global Investors (GROW) reported record financial results for the fiscal quarter ending September 30, 2021, with operating revenues of $6.5 million, up over 100% YoY, and net income of $2.4 million, a 23% increase. Average assets under management reached $4.0 billion, doubling from the previous year. The company is set to launch the U.S. Global Sea-to-Sky Cargo ETF (SEA) and remains optimistic about the airline sector recovery. Despite challenges in attracting new fund flows into GOAU, gold mining remains a strong focus. The company continues a share repurchase program and offers a monthly dividend.

U.S. Global Investors, Inc. (GROW) announced the continuation of its monthly dividends, with a December payment of $0.0075 per share, authorized through March 2022. The dividend yield stands at 2.11% based on the December 20 closing price of $4.26. The record date for the dividend is December 13 and the payment date is December 27. Over the past 12 years, the company has maintained its monthly dividend, increasing it twice in the past year. Future dividends will be reviewed by the Board, depending on financial performance and other conditions.

U.S. Global Investors, Inc. announced that six mutual funds will distribute 2021 income dividends and capital gains. The record date is December 22, 2021, with the ex-dividend date on December 23, and payments to be made on December 27. Notably, dividends and capital gains will reduce each fund's net asset value (NAV). Shareholders can opt for automatic reinvestment, receiving distributions as additional shares based on December 23 closing prices, or by check. Detailed distributions include amounts for various funds, highlighting specifics for the China Region, Emerging Europe, and Global Resources Funds.

U.S. Global Investors (GROW) reported a strong fiscal year ending June 30, 2021, with total operating revenues of $21.7 million, up over 380% YoY. Net income reached $32.0 million, or $2.12 per share, compared to a net loss of $4.7 million the previous year. Average assets under management skyrocketed to $3.4 billion, a 380% increase. The company also launched products in international markets and maintained a solid liquidity position with $21.6 million in net working capital. Notably, their JETS ETF attracted significant capital inflows, while their GOAU ETF faced challenges.