This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Global Investors Continues GROW Dividends

U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisor specializing in natural resources and emerging markets, will continue its payment of monthly dividends in the third calendar quarter of 2011.

“We initiated our dividend program in June 2007, and the end of this month will mark the 48 th straight month that U.S. Global Investors has awarded a dividend to our investors,” says Frank Holmes, company CEO and Chief Investment Officer. “Investors often look to us for exposure to emerging markets and natural resources, and the monthly dividends add an extra benefit for investors to own GROW shares.”

“At the current stock prices, the dividend yield is higher than leading emerging market indices and gold equity indices. Further, the dividend is also paid monthly and many companies in emerging markets pay quarterly or semi-annually,” says Holmes.

The monthly dividends equate to an annual yield of 3.4 percent on GROW on an annual basis at current price levels near $7 per share. In comparison, the current yields for the MSCI Emerging Markets Index and the NYSE Arca Gold Bugs Index (HUI) are 2.58 percent and 0.70 percent, respectively.

The company’s board of directors approved payment of the 2-cents-per-share monthly dividend for the third quarter of calendar 2011. The record dates are July 11, August 15 and September 12, and the payment dates will be July 25, August 29 and September 26.

Though the company has no debt, owns its own building and has working capital of approximately $2 per share, 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs