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December 12, 2000 < Previous Page
 

 

UNITED-GUARDIAN DECLARES DIVIDEND

          Hauppauge, NY, December 12, 2000 -- United-Guardian, Inc. (AMEX:UG) reported today that as a result of the continuing increase in earnings during fiscal year 2000 it has declared a dividend of $.10 per share, a 25% increase over last year’s $.08 per share.  The dividend will accrue to stockholders of record as of December 18, 2000, and will be paid on January 5, 2001.  

          Kenneth H. Globus, President of United-Guardian, stated, “We are very pleased to once again be able to increase our dividend this year.  This is the fifth straight year in which we have paid a dividend, and in that period the amount of our dividend has doubled. Based on sales to date we believe that this year will show a considerable increase in earnings over last year, and we feel that our stockholders should directly participate in the growth in earnings that the company has experienced over the past few years.  Since our expectation is that this dividend will still be a relatively small percentage of our earnings this year, we are confident that our retained earnings will continue to be more than adequate to fund the many projects in which we are currently involved.”

             United-Guardian is a manufacturer of personal and health care products, pharmaceuticals, cosmetic bases, and specialty industrial products.    

                                                                        Contact:     Robert S. Rubinger
                                                                                          Public Relations
                                                                                          (631) 273-0900

 NOTE:   This press release contains both historical and "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements about the company’s expectations or beliefs concerning future events, such as financial performance, business prospects, and similar matters, are being made in reliance upon the “safe harbor” provisions of that Act. Such statements are subject to a variety of factors that could cause Registrant’s actual results or performance to differ materially from the anticipated results or performance expressed or implied by such forward-looking statements. For further information about the risks and uncertainties that may affect the company’s business please refer to the company's reports and filings with the Securities and Exchange Commission.