United-Guardian Announces Year-End Dividend
20 November 2015 - 3:00PM
United-Guardian, Inc. (Nasdaq:UG) announced today that its Board of
Directors, at its meeting on November 18, 2015, declared a cash
dividend of $0.50 per share, payable on December 15, 2015 to all
stockholders of record on December 1, 2015. This brings to $1.00
per share the dividends the company has paid to its stockholders
this year.
Ken Globus, President of United-Guardian, stated, "Based on the
projected financial results for FY-2015, our Board of Directors
determined that this dividend distribution was in the best
interests of both the company and its stockholders. This
constitutes a 56% increase over the year-end dividend that we paid
in December 2014, and marks the 20th consecutive year that the
company has paid a year-end dividend. Although we are anticipating
that sales for the balance of this year, and the first quarter of
2016, will not be as strong as the same periods last year, we
believe that sales will increase as the year progresses, and are
confident that we will have another profitable year in 2016."
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 Registrant's 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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