United-Guardian ticker dps (an.) 2024 hike 2023 hike 2022 hike
UG N/A N/A N/A N/A
Business yield Hike yrs 5 yr CAGR freq. paid since
N/A N/A N/A N/A N/A N/A

United-Guardian (UG) will raise its semi-annual dividend from $0.35 to $0.40 per share.

The second semi-annual dividend for 2016 will be payable on December 19, 2016 to all stockholders of record as of December 12, 2016. This brings to $0.75 per share the dividends the company has paid to its stockholders this year.

Ken Globus, United-Guardian’s President, stated, “Although we had a slow start to the year due to an inventory overstocking issue in China that impacted our sales for the first 8 months of this year, that situation has now been corrected, and sales for our third quarter increased substantially. This resulted in third quarter earnings per share that equaled the earnings of the first and second quarters combined. Based upon these results the Board determined that it was appropriate to increase the dividend to $0.40 per share from the $0.35 per share that was paid in the first half of the year. With the excess inventory issue behind us, and with a new internet marketing campaign planned for the first quarter of 2017 for our new single-dose form of Renacidin, we are confident that our sales and earnings going forward will continue to improve.”

Today’s dividend increase indicates an annualized rate of $0.75 per common share and a yield of approximately 4.5% based on the $16.55 current stock price.

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.