United-Guardian Announces Year-End Dividend
29 November 2018 - 3:47PM
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 28th,
declared a dividend of $0.55 per share, which will be payable on
December 17, 2018 to all shareholders of record as of December 10,
2018. This brings to $1.05 the total dividends paid by the company
this year, the largest yearly dividend ever paid by the company
(excluding special dividend years). This marks the 23rd consecutive
year that the company has paid a year-end dividend.
Ken Globus, President of United-Guardian,
stated, “With sales and earnings up significantly compared with
last year, along with additional tax savings from the lower
corporate tax rate, the Board of Directors determined that it was
appropriate to increase the company’s year-end dividend by 10% to
$0.55 from the $0.50 the company paid in December 2017 and May
2018. Management and the Board believe that the company has more
than sufficient funds to cover any anticipated capital
expenditures, and that paying this dividend continues our
commitment to share our success with our stockholders by returning
excess cash to our stockholders whenever it is appropriate to do
so.”
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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