United-Guardian Announces Increase in Mid-Year Dividend
16 Mai 2013 - 8:47PM
United-Guardian, Inc. (Nasdaq:UG) announced today that the
company's Board of Directors, at its meeting on May 15, 2013,
declared a cash dividend of $0.47 per share, which will be paid on
June 14, 2013 to all stockholders of record as of the close of
business on May 30, 2013. This represents a 12% increase over the
$0.42 per share mid-year dividend paid in June 2012.
Ken Globus, President of United-Guardian, stated, "As a result
of our very strong first quarter earnings, as well as our
expectation that our second quarter earnings will continue to be
strong, the Board of Directors has determined that increasing the
mid-year dividend is appropriate and in the best interests of the
company and its stockholders."
Mr. Globus also indicated that the payment of this dividend,
which follows the issuance last December of not only a regular
year-end dividend of $0.44 per share but also a special dividend of
$0.50 per share, will not impair the company's ability to fund any
capital requirements that may arise in the near future. Just prior
to the announcement of this dividend the company's stock closed at
a new high of $25 per share.
United-Guardian is a manufacturer of cosmetic ingredients,
personal and health care products, pharmaceuticals, and specialty
industrial products.
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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