United-Guardian Announces Regular and Special Dividends
30 November 2017 - 6:31PM
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 November 29, 2017,
declared both a semi-annual dividend of $0.50 per share and a
special dividend of an additional $0.50 per share. When added to
the $0.42 per share dividend the company paid in June 2017, this
brings the total dividends paid by the company this year to $1.42,
the most ever paid by the company in one year. Both dividends will
be paid on December 18, 2017, to all stockholders of record as of
December 11, 2017.
“We are pleased to be able to pay both a
semi-annual and special dividend this December” stated Ken Globus,
President of United-Guardian. “With strong 2017 sales, as well as
confidence that 2018 will be strong as well, the Board concluded
that in light of the company’s strong cash position it would be
appropriate to distribute a special dividend this year. This
decision also reflects our continuing commitment to return excess
cash to shareholders when it is appropriate to do so. The Board
believes that paying a special dividend at this time will not in
any way compromise our ability to fund any anticipated capital
expenditures, and is in the best interests of our
stockholders.”
Contact:Robert S. RubingerPublic Relations(631)
273-0900
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.
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