United-Guardian Declares Cash Dividend

Rhea-AI Summary

United-Guardian (NASDAQ:UG) has announced a cash dividend of $0.35 per share, maintaining consistency with its July 2024 distribution. The dividend will be paid on February 18, 2025, to stockholders of record as of February 10, 2025.

This marks the 30th consecutive year of dividend payments by the company, demonstrating a long-standing commitment to shareholder returns. President Donna Vigilante emphasized that future dividends will continue to be evaluated based on earnings and overall benefit to both the company and its stockholders.

United-Guardian operates as a manufacturer of cosmetic ingredients, medical lubricants, sexual wellness ingredients, and pharmaceuticals.

Positive

• 30-year track record of consecutive dividend payments
• Maintained stable dividend level compared to July 2024 distribution
• Strong commitment to shareholder returns

Negative

• Dividend payment may impact cash reserves

News Market Reaction

+3.99%

1 alert

+3.99% News Effect

On the day this news was published, UG gained 3.99%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- United-Guardian, Inc. (NASDAQ:UG) announced today that the company's Board of Directors, at its meeting on January 27, 2025, declared a cash dividend of $0.35 per share, to be paid on February 18, 2025, to all stockholders of record as of the close of business on February 10, 2025. This will be the 30^th 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 dividend is consistent with the dividend we previously distributed in July of 2024. We will continue to monitor our earnings and provide dividends to our stockholders when it is in the best interest 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.

FAQ

What is the amount of United-Guardian's (UG) latest dividend payment?

United-Guardian (UG) declared a cash dividend of $0.35 per share.

When is United-Guardian's (UG) February 2025 dividend payment date?

The dividend will be paid on February 18, 2025, to stockholders of record as of February 10, 2025.

How many consecutive years has United-Guardian (UG) paid dividends?

United-Guardian has paid dividends for 30 consecutive years.

Has United-Guardian (UG) changed its dividend amount compared to previous payment?

No, the $0.35 per share dividend is consistent with the previous dividend distributed in July 2024.

What is the record date for United-Guardian's (UG) February 2025 dividend?

The record date for the dividend is February 10, 2025.