United-Guardian Announces Increase in Mid-Year Dividend
18 Mai 2018 - 3:00PM
United-Guardian, Inc. (NASDAQ:UG) announced today that the
company's Board of Directors, at its meeting on May 16, 2018,
declared a cash dividend of $0.50 per share, to be paid on June 13,
2018 to all stockholders of record as of the close of business on
May 30, 2018. This will be the 23rd consecutive year that the
company has paid a dividend, and represents a 19% increase over the
mid-year dividend the company paid last year.
Ken Globus, President of United-Guardian,
stated, “We are pleased to once again be in a position to not only
pay a mid-year dividend but also to increase it to 50 cents a share
from the 42 cents a share we paid at this time last year. It has
been our policy for many years to share our success as much as
possible with our shareholders, and with a strong first quarter and
our expectation that our second quarter will be profitable as well,
we are happy to be able to increase this dividend. With strong
sales in China, some new cosmetic ingredients in the hands of our
marketing partners, and more new products in development, we are
optimistic that this will be another strong year for us.”
United-Guardian is a manufacturer of cosmetic
ingredients, personal and health care products, pharmaceuticals,
and specialty industrial products. For more information, please
contact Robert Rubinger at evp@u-g.com or (631) 273-0900, or visit
the company’s web site at www.u-g.com.
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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