United-Guardian (UG) will raise its semi-annual dividend by 19 percent to $0.50 per share in the fourth quarter of 2017. Also a $0.50 per share special dividend will be paid in the fourth quarter of 2017.

Both dividends will be paid on December 18, 2017, to all stockholders of record as of December 11, 2017.The new dividend yield for UG is 5.5%.

“We are pleased to be able to pay both a semi-annual and special dividend this December” stated Ken Globus, President of United-Guardian. “With strong 2017 sales, as well as confidence that 2018 will be strong as well, the Board concluded that in light of the company’s strong cash position it would be appropriate to distribute a special dividend this year. This decision also reflects our continuing commitment to return excess cash to shareholders when it is appropriate to do so. The Board believes that paying a special dividend at this time will not in any way compromise our ability to fund any anticipated capital expenditures, and is in the best interests of our stockholders.”

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.