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.