U.S. Global Investors, Inc. ( Nasdaq: GROW), a boutique registered investment adviser specializing in natural resources and emerging markets, will continue its payment of monthly dividends in the second calendar quarter of 2013.
The company’s board of directors approved payment of the $0.005 per share per month dividend beginning in April 2013 and continuing through June 2013. The record dates are April 15, May 13 and June 10, and the payment dates will be April 29, May 28 and June 24.
At the end of this period, the company will have paid monthly dividends for six years. At the March 19, 2013, closing price of $3.71, the $0.005 monthly dividend equals a 1.6 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. U.S. Global Investors, Inc. ( www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and other clients. With an average of $1.68 billion in assets under management in the quarter ended December 31, 2012, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets.