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.
Copyright Business Wire 2014