United-Guardian (UG) will raise its semi-annual dividend from $0.50 to $0.55 per share in 2019. Last year the company had already raised its second half dividend to 55 cents.

The next dividend will be paid on June 14, 2019 to all stockholders of record as of May 31, 2019. This will be the 24th consecutive year that the company has paid a dividend, and represents a 10% increase over the mid-year dividend the company paid in 2018.

Ken Globus, President of United-Guardian, stated, “Based the strong earnings in the first quarter of this year, as well as our expectation that sales and net income will remain strong for the second quarter, the company is pleased to once again be able to share our earnings with our stockholders. With the company’s substantial cash position the Board concluded that after the payment of this dividend the company will have more than adequate reserves for any anticipated capital expenditures, and that it is in the company’s best interest, and the interests of its stockholders, to continue to share the company’s profitability with its shareholders. Based upon the current stock price and the dividends paid over the trailing twelve months, this brings the dividend yield on our stock to about 5.7%.”

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.