United-Guardian (UG) will raise its semi-annual dividend from $0.40 to $0.42 per share. Compared to last year the dividend will be raised by 20%.

The increased dividend will be paid on June 12, 2017 to all stockholders of record as of the close of business on May 30, 2017. 

Ken Globus, President of United-Guardian, stated, “Based on improved first quarter financial results, along with strong sales to date for the second quarter, the Board decided that it would be in the best interest of our stockholders to increase the mid-year dividend to $0.42 per share, an increase of 20% from the $0.35 per share dividend that we paid in June 2016. With the resumption of purchases of one of our Lubrajel products for sale in China, along with strong sales of our Renacidin Irrigation, the Board felt that there was sufficient justification, and more than enough cash reserves, to increase the mid-year dividend.”

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.