SAN ANTONIO, Texas, March 2, 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 second calendar quarter of 2016.
The company's board of directors approved payment of the $0.0025 per share per month dividend beginning in April 2016 and continuing through June 2016. The record dates are April 11, May 16 and June 13, and the payment dates will be April 25, May 31 and June 27.
At the end of this period, the company will have paid monthly dividends for more than eight years. At the March 1, 2016, closing price of $1.55, the $0.0025 monthly dividend equals a 1.94 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 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.