United-Guardian Announces Special and Semi-Annual Dividend
06 Dezember 2012 - 5:00PM
United-Guardian, Inc. (Nasdaq:UG), a manufacturer of cosmetic
ingredients, personal and health care products, pharmaceuticals,
and specialty industrial products, announced today that the
company's Board of Directors, at its meeting on December 4, 2012,
declared both a semi-annual dividend of $0.44 per share, and a
special dividend of $0.50 per share. Both dividends will be paid on
December 21, 2012 to all stockholders of record as of the close of
business on December 14, 2012.
"We are pleased to be in a position to pay both our regular
semi-annual dividend as well as this special dividend," stated Ken
Globus, President of United-Guardian. "Given the uncertainty of the
tax treatment of dividends after the end of this year, the Board
felt that paying this special dividend would be in the best
interest of our stockholders. Our strong cash and marketable
securities position, along with our belief that we will continue to
generate and increase free cash flow from the business over the
long-term, also factored into the decision. It also reflects our
continuing commitment to return excess cash to shareholders. The
board believes that paying a special dividend at this time is a
tax-efficient way to provide additional value to our shareholders,
and will not in any way compromise the company's ability to fund
any anticipated capital expenditures."
The United-Guardian, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6000
NOTE: This press release contains both historical and
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements about
the company's expectations or beliefs concerning future events,
such as financial performance, business prospects, and similar
matters, are being made in reliance upon the "safe harbor"
provisions of that Act. Such statements are subject to a variety of
factors that could cause our actual results or performance to
differ materially from the anticipated results or performance
expressed or implied by such forward-looking statements. For
further information about the risks and uncertainties that may
affect the company's business please refer to the company's reports
and filings with the Securities and Exchange Commission.
CONTACT: Robert S. Rubinger
Public Relations
(631) 273-0900
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