U.S. Global Investors Provides July Updates on Its Stock Buyback and Dividend Programs
San Antonio, TX, July 29, 2022 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. ( NASDAQ : GROW ) (the "Company"), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to share updates on its stock buyback and dividend programs. In the month of July, the Company bought back 5,897 shares at a net cost of approximately $25,000. This represents a slight increase from the amount of GROW shares that were purchased in July 2021, suggesting there was less stock volatility this year compared to last year. The Company uses an independent broker that strategically repurchases stock on down days using an algorithm. The monthly dividend of $0.0075 is authorized through September 2022 and will be considered for continuation at that time by the Board. The July dividend record date was July 11, and the payment date was July 25. The Company has paid a monthly dividend for more than 12 years straight and increased its dividend twice in 2021.
U.S. Global Investors Provides July Updates on Its Stock Buyback and Dividend Programs
San Antonio, TX, July 29, 2022 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. ( NASDAQ : GROW ) (the "Company"), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to share updates on its stock buyback and dividend programs. In the month of July, the Company bought back 5,897 shares at a net cost of approximately $25,000. This represents a slight increase from the amount of GROW shares that were purchased in July 2021, suggesting there was less stock volatility this year compared to last year. The Company uses an independent broker that strategically repurchases stock on down days using an algorithm. The monthly dividend of $0.0075 is authorized through September 2022 and will be considered for continuation at that time by the Board. The July dividend record date was July 11, and the payment date was July 25. The Company has paid a monthly dividend for more than 12 years straight and increased its dividend twice in 2021.