United-Guardian (UG) will lower its semi-annual dividend by a third to $0.32 per share. As a result of this, the full year dividend is cut by a total of 17.5% percent.

This will be the 19th consecutive year that the company has paid a year-end dividend, and brings to $0.80 the total dividends the company has paid to its stockholders this year.

United-Guardian had paid a higher dividend for the second half of the year for a long time. The last two years a lower dividend was paid.  In 2013 a total dividend of $0.97 was paid, following a dividend of $1.36 in 2012.

At a stock price of $20.95 the indicated dividend yield for United-Guardian is 3.8%.

United-Guardian is a manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products. The products are sold directly to marketing partners, which in turn resell those products to its customers for use in the manufacture or compounding of the customers' personal care and cosmetic products.