San Antonio, Texas, July 07, 2017 (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 first fiscal quarter of 2018.
The company’s board of directors approved payment of the $0.0025 per share per month dividend beginning in July 2017 and continuing through September 2017. The record dates are July 17, August 14 and September 11, and the payment dates will be July 31, August 28 and September 25.
At the end of this period, the company will have paid monthly dividends for more than 10 years. At the July 5, 2017, closing price of $1.51, the $0.0025 monthly dividend equals a 1.99 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 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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