dividend
confidence high
sentiment positive
materiality 0.25
U.S. Global Investors maintains $0.0075/month dividend; notes gold surge above $2,000
U S GLOBAL INVESTORS INC
- Monthly dividend of $0.0075 per share continues for Jan-Mar 2024; record/pay dates set.
- At Dec 15 closing price of $2.79, annualized yield is 3.23%.
- Gold hit all-time high intraday of $2,146/oz; trading above 50-day moving average.
- Shareholder yield for 12 months ended Sep 30, 2023 was 6.84%, above 10-year Treasury.
- CEO Frank Holmes cites falling Treasury yields and Fed rate-cut expectations as gold tailwinds.