U.S. Global Investors Continues GROW Dividends
U.S. Global Investors, Inc. (Nasdaq: GROW) will continue its payment of monthly dividends in the third calendar quarter of 2011.
“We initiated our dividend program in June 2007, and the end of this month will mark the 48th straight month that U.S. Global Investors has awarded a dividend to our investors,” says Frank Holmes, company CEO and Chief Investment Officer. “Investors often look to us for exposure to emerging markets and natural resources, and the monthly dividends add an extra benefit for investors to own GROW shares.”
“At the current stock prices, the dividend yield is higher than leading emerging market indices and gold equity indices. Further, the dividend is also paid monthly and many companies in emerging markets pay quarterly or semi-annually,” says Holmes.
The monthly dividends equate to an annual yield of 3.4 percent on GROW on an annual basis at current price levels near $7 per share. In comparison, the current yields for the MSCI Emerging Markets Index and the NYSE Arca Gold Bugs Index (HUI) are 2.58 percent and 0.70 percent, respectively.
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