United-Guardian Announces Dividend Increase
July 12 2024 - 9:00AM
United-Guardian, Inc. (NASDAQ:UG) announced today that the
company's Board of Directors, at its meeting on July 10, 2024,
declared a cash dividend of $0.35 per share, to be paid on July 31,
2024, to all stockholders of record as of the close of business on
July 23, 2024. This will be the 29th consecutive year that the
company has paid a dividend.
Donna Vigilante, President of United-Guardian,
stated, “I am pleased to report that the company’s Board of
Directors has decided to distribute a dividend of $0.35 per share
to our stockholders. This one dividend is equal to the total of the
last two dividends the company paid, and represents a 40% increase
over the $0.25 per share dividend the company paid earlier this
year, and a 250% increase over the $0.10 dividend paid last July.
While we remain committed to using a portion of our earnings to
support our growth initiatives, we also believe it is important to
provide strong dividends to our stockholders when it is in the best
interests of the company and its stockholders to do so.”
United-Guardian is a manufacturer of cosmetic
ingredients, medical lubricants, sexual wellness ingredients and
pharmaceuticals.
Contact: |
Donna
Vigilante |
|
(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.
United Guardian (NASDAQ:UG)
Historical Stock Chart
From Nov 2024 to Dec 2024
United Guardian (NASDAQ:UG)
Historical Stock Chart
From Dec 2023 to Dec 2024