United-Guardian Increases Mid-Year Dividend
21 May 2021 - 1:16AM
United-Guardian, Inc. (NASDAQ:UG) announced today that the
company's Board of Directors, at its meeting on May 18, 2021,
declared a cash dividend of $0.48 a share, which will be paid on
June 7, 2021 to all stockholders of record on May 31, 2021. This
will be the 26th consecutive year that the company has paid a
dividend.
Ken Globus, President of United-Guardian,
stated, “Based on our strong first quarter earnings, as well as our
expectation that sales will remain strong for the second quarter,
the company’s Board of Directors determined that it was appropriate
to increase our mid-year dividend. This represents an increase of
33% over the dividend we paid at the end of 2020, and a 33%
increase over the 2020 mid-year dividend. The Directors believe
that the worst of the coronavirus pandemic is behind us, and that
the health of our company, as well as the global economic situation
in general, will continue to improve as the year progresses.
Considering the company’s very strong financial condition, taking
into account any foreseeable needs for capital, the company’s Board
and its management concluded that increasing our mid-year dividend
was in the best interests of both the company and its
shareholders.”
United-Guardian is a manufacturer of cosmetic
ingredients, personal and health care products, pharmaceuticals,
and specialty industrial products.
Contact:Ken Globus (631)
273-0900 pgc@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.
United Guardian (NASDAQ:UG)
Historical Stock Chart
From Apr 2024 to May 2024
United Guardian (NASDAQ:UG)
Historical Stock Chart
From May 2023 to May 2024