United-Guardian Announces Year-End Dividend
01 Dezember 2016 - 3:00PM
United-Guardian, Inc. (NASDAQ:UG) announced today that the
company’s Board of Directors, at its meeting on November 30th,
declared a year-end dividend of $0.40 per share, which will be
payable on December 19, 2016 to all stockholders of record as of
December 12, 2016. This brings to $0.75 per share the dividends the
company has paid to its stockholders this year.
Ken Globus, United-Guardian’s President, stated,
“Although we had a slow start to the year due to an inventory
overstocking issue in China that impacted our sales for the first 8
months of this year, that situation has now been corrected, and
sales for our third quarter increased substantially. This resulted
in third quarter earnings per share that equaled the earnings of
the first and second quarters combined. Based upon these results
the Board determined that it was appropriate to increase the
dividend to $0.40 per share from the $0.35 per share that was paid
in the first half of the year. With the excess inventory issue
behind us, and with a new internet marketing campaign planned for
the first quarter of 2017 for our new single-dose form of
Renacidin, we are confident that our sales and earnings going
forward will continue to improve.”
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
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jul 2023 bis Jul 2024