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U.S. Global Investors Announces Continuation of Monthly Dividends with Total Shareholder Yield Topping 9%, Offers an Update on Airlines and Gold

In This Article:

United Airlines Is the Best Performing Airline Stock of 2024

U.S. Global Investors
U.S. Global Investors

Airlines Are the Best Performing Industrials Sector for the Three-Month Period

U.S. Global Investors
U.S. Global Investors

San Antonio, TX, Dec. 17, 2024 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQGROW), a registered investment advisory firm[1] with expertise in gold mining stocks and the airline industry, is pleased to announce that it will continue its payment of monthly dividends.

The Company’s Board of Directors (the “Board”) approved payment of the $0.0075 per share per month dividend beginning in January 2025 and continuing through March 2025. The record dates are January 13, February 10 and March 17, and the payment dates will be January 27, February 24 and March 31.

At the December 13, closing price of $2.44, the $0.0075 monthly dividend equals a 3.69% yield on an annualized basis. In addition, the Company’s shareholder yield was 9.34% as of September 30, 2024.[2] This strong yield reflects the Board’s commitment to delivering value to shareholders through a combination of monthly dividends and share repurchases.

Airline Stocks Soar on Record-Breaking Holiday Travel

Airline stocks have shown strong momentum over the past three months, fueled by the holiday travel surge. On Sunday, December 1, the Transportation Security Administration (TSA) reported a record 3.08 million passengers—the highest single-day total ever.[3] United Airlines, one of the top holdings in our airlines ETF, has rallied approximately 130% year-to-date through December 13, making it the best performing airline stock of 2024.

In addition, the domestic airlines group has emerged as the top-performing sector in the Industrials category for the three-month period. This surge comes as carriers report robust passenger demand and provide optimistic guidance.

“The media has been notably negative on the airline industry, especially since Spirit Airlines filed for bankruptcy in November,” says Frank Holmes, Company CEO and Chief Investment Officer. “Sadly, many who followed these reports may have overlooked opportunities with high-flying carriers like United. It’s always important for investors to conduct their own due diligence.”

2025 Airlines Industry Outlook

Looking ahead to 2025, U.S. Global Investors sees a promising year for the global airline industry. The International Air Transport Association (IATA) projects total industry revenues to surpass $1 trillion for the first time, reaching $1.007 trillion, a 4.4% increase from 2024. Passenger numbers are forecast to soar to 5.2 billion, marking another milestone in the industry’s post-pandemic recovery.[4]