Fri Sep 20 13:45:08 UTC 2024: ## U.S. Global Investors (GROW) Boosts Shareholder Value with Stock Buyback Program and Continued Dividend Payments

**SAN ANTONIO –** U.S. Global Investors, Inc. (NASDAQ: GROW), an investment advisory firm, has announced a new stock repurchase program, signaling confidence in its future growth. The program, which began on September 13, 2024, and will run through December 31, 2024, will see the company buy back up to $5 million of its common stock, representing 14% of its market capitalization. This move aims to return excess capital to shareholders and potentially increase earnings per share.

In addition to the buyback program, the company will continue its monthly dividend program, with payments of $0.0075 per share scheduled for October, November, and December 2024. This translates to an annualized yield of 3.54% based on the current stock price.

The company highlights its strong shareholder yield, which stood at 9.41% for the 12 months ending June 30, 2024, exceeding the yield on the 10-year Treasury note. This yield includes dividends, buybacks, and debt reduction, a strategy the company believes fosters stock growth.

This announcement comes on the heels of a surge in gold prices, a key asset for many of U.S. Global Investors’ portfolios. Gold hit a new all-time high of nearly $2,590 per ounce on September 16, 2024, driven by geopolitical tensions and expectations of a Federal Reserve rate cut.

Despite facing challenges in its latest earnings call, including a decrease in assets under management and net income, U.S. Global Investors remains optimistic about its future. The company emphasizes its strong shareholder yield, successful implementation of its quantum mental research strategy, and the potential for gold investments considering rising global debt.

The company’s aggressive share buyback program and continued dividend payments demonstrate its commitment to shareholder value and its belief in its undervalued stock. The firm also boasts a strong liquidity position and has maintained dividend payments for 18 consecutive years, reflecting its consistent performance and reliability as an income-generating investment.

InvestingPro Data provides a snapshot of the company’s financial health and market position, highlighting the potential for long-term growth and a strong dividend yield. This information is available for further review on their website.

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