United-Guardian Announces Increase in Mid-Year Dividend
16 Mai 2014 - 4:00PM
United-Guardian, Inc. (Nasdaq:UG) announced today that the
company's Board of Directors, at its meeting on May 14, 2014,
declared a cash dividend of $0.48 per share, which will be paid on
June 13, 2014 to all stockholders of record as of the close of
business on May 30, 2014. This is the 19th consecutive year that
the company has paid a dividend.
Ken Globus, President of United-Guardian, stated, "As a result
of our strong first quarter sales and earnings we are pleased to
announce that we are increasing our mid-year dividend to $0.48 from
the $0.47 we paid last year. Even though our net income was less
than last year's first quarter, it was still a very strong quarter
for us, with sales exceeding the first quarter of last year. As a
result, the Board of Directors concluded that the payment of this
dividend was reasonable and appropriate, and would not adversely
impact our ability to fund any capital requirements we might have
for the rest of the year. With two additions to our new Lubrajel™
Natural line expected to begin sampling this year, we are
optimistic that this will be another strong year for us, and we are
pleased that we are once again in a position to share our continued
success with our stockholders."
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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