U.S. Global Investors Continues GROW Dividends and Share Repurchase Program

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Rhea-AI Summary

U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend of $0.0025 per share for the first quarter of 2021, reaffirming its commitment to returning value to shareholders. The dividend will be paid in January, February, and March, with record dates set for January 11, February 8, and March 15, along with payment dates of January 25, February 22, and March 29. With a closing price of $4.05 on December 2, 2020, the annualized yield is approximately 0.74%. Additionally, the firm is set to repurchase up to $2.75 million of its common stock throughout 2021.

Positive

Continuation of monthly dividends, indicating steady cash flow and shareholder returns.
Monthly dividend of $0.0025 equates to a 0.74% yield, offering potential income to shareholders.
Ongoing stock repurchase program of up to $2.75 million, which may enhance shareholder value.

Negative

None.

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News Market Reaction – GROW

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12/03/2020 - 04:05 PM EST

San Antonio, TX, Dec. 03, 2020 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, will continue its payment of monthly dividends in the third fiscal quarter of 2021.

The Company’s board of directors approved payment of the $0.0025 per share per month dividend beginning in January 2021 and continuing through March 2021. The record dates are January 11, February 8 and March 15, and the payment dates will be January 25, February 22 and March 29.

At the December 2, 2020, closing price of $4.05, the $0.0025 monthly dividend equals a 0.74% yield on an annualized basis.

The continuation of future cash dividends will be determined by the Company’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.

The Company has paid a monthly dividend since June 2007 and management continues to buy back stock. The Company will continue the share repurchase program of up to $2.75 million of its outstanding Class A common stock from time to time on the open market for the trading period from and including January 1 through December 31, 2021. The share repurchase program may be suspended or discontinued at any time.

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 adviser 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, U.S. Global ETFs and other international clients.

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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend payout schedule for GROW in 2021?

U.S. Global Investors (GROW) will pay a monthly dividend of $0.0025 per share from January through March 2021, with record dates on January 11, February 8, and March 15.

What is the expected yield from the GROW stock dividend?

The dividend of $0.0025 per share results in an approximate annualized yield of 0.74% based on a closing price of $4.05.

How much stock is U.S. Global Investors planning to repurchase in 2021?

The company plans to repurchase up to $2.75 million of its outstanding Class A common stock during the trading period from January 1 to December 31, 2021.

Are the dividends for GROW guaranteed?

The continuation of dividends is at the discretion of the board, depending on the company's financial performance and other conditions.

U.S. Global Investors Continues GROW Dividends and Share Repurchase Program