U.S. Global Investors announces update to $5M stock buyback program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
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Stock Repurchase Program Update: U.S. Global Investors announced a stock repurchase program allowing for the buyback of up to $5M in common stock from September 13, 2024, to December 31, 2024, representing 14% of its market capitalization.
Dividend Payment Announcement: The company will pay a monthly dividend of $0.0075 per share starting in October 2024, with specific record and payment dates outlined for shareholders.
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About GROW
U.S. Global Investors, Inc. is an investment adviser. The Company offers exchange traded funds (ETFs) in addition to mutual funds. The Company, with principal operations located in San Antonio, Texas, manages two business segments: Investment Management Services and Corporate Investments. Investment Management Services, through which the Company offers, to U.S. Global Investors Funds (USGIF) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors. Corporate Investments, through which the Company invests for its own account. In particular, the Company is known for its expertise in gold mining and exploration, natural resources, and airlines. It provides investment advisory services and administrative services to mutual funds. Its wholly owned subsidiaries include U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited and U.S. Global Indices, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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