SAN ANTONIO, Oct. 10, 2016 (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 calendar quarter of 2017.
The company's board of directors approved payment of the $0.0025 per share per month dividend beginning in January 2017 and continuing through March 2017. The record dates are January 17, February 13 and March 13, and the payment dates will be January 30, February 27 and March 27.
The company's upcoming October dividend of $0.0025 per share marks 113 consecutive months since monthly dividend payments began in June 2007 – that's over nine years. The October dividend record date is October 10 and the payment date is October 24.
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, the U.S. Global Jets ETF and other international clients.
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Source:U.S. Global Investors