San Antonio, Texas, March 26, 2018 (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 fourth fiscal quarter of 2018.
The company’s board of directors approved payment of the $0.0025 per share per month dividend beginning in April 2018 and continuing through June 2018. The record dates are April 16, May 15 and June 11, and the payment dates will be April 30, May 29 and June 25.
At the end of this period, the company will have paid monthly dividends for more than 10 years. At the March 23, 2018, closing price of $2.60, the $0.0025 monthly dividend equals a 1.15 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 50 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.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/17c2fcc4-67b9-4d5d-b053-135bb02e2967
Holly Schoenfeldt U.S. Global Investors, Inc. 210.308.1268 firstname.lastname@example.org
Source:U.S. Global Investors, Inc.