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U.S. Global Investors Announces an Update to Its $5 Million Stock Buyback Program, Reaffirming Commitment to Shareholder Value and Continuing Monthly Dividend
U.S. Global Investors (NASDAQ: GROW) has updated its stock repurchase program, allowing for the repurchase of up to $5 million worth of common stockbetween September 13, 2024, and December 31, 2024. This represents 14% of the Company's market capitalization. The move, along with the ongoing monthly dividend program, aims to enhance shareholder value.
The Company will continue to pay a monthly dividend of $0.0075 per sharefrom October through December 2024, equating to a 3.54% annualized yieldbased on the September 18 closing price of $2.54. For the 12 months ended June 30, 2024, the Company's shareholder yield was 9.41%.
The press release also notes gold's recent performance, reaching a new all-time high intraday price of nearly $2,590 per ounce on September 16, 2024, attributed to geopolitical tensions and anticipation of Federal Reserve interest rate cuts.
The Company will continue to pay a monthly dividend of $0.0075 per sharefrom October through December 2024, equating to a 3.54% annualized yieldbased on the September 18 closing price of $2.54. For the 12 months ended June 30, 2024, the Company's shareholder yield was 9.41%.
The press release also notes gold's recent performance, reaching a new all-time high intraday price of nearly $2,590 per ounce on September 16, 2024, attributed to geopolitical tensions and anticipation of Federal Reserve interest rate cuts.
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