United-Guardian Declares Year-End Dividend
22 November 2019 - 3:00PM
United-Guardian, Inc. (NASDAQ:UG) announced today that the
company's Board of Directors, at its meeting on November 20, 2019,
declared a cash dividend of $0.55 per share, to be paid on December
10, 2019 to all stockholders of record as of December 3, 2019.
Ken Globus, President of United-Guardian,
stated, “Despite the slow global economy and the negative
impact of the ongoing tariff dispute between China and the
Trump Administration, we still had a very strong year, and because
of that the company’s Board of Directors determined that it would
once again be in the best interests of the company and its
stockholders to make this cash distribution. This decision was also
predicated on the expectation that the tariff situation will get
resolved soon, which we hope will enable us to increase our global
sales, and, in particular, our sales in China. The Board also
concluded that issuing this dividend would not adversely affect our
ability to fund any anticipated capital requirements. Based upon
the current stock price, the current trailing twelve-month dividend
yield on our stock is close to 6%, and we are hopeful that we will
be able to continue this dividend policy next year as well.”
United-Guardian is a manufacturer of cosmetic
ingredients, personal and health care products, pharmaceuticals,
and specialty industrial products.
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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