United-Guardian declares a $0.35 cash dividend, marking 30 consecutive years of dividend payments to shareholders.
Quiver AI Summary
United-Guardian, Inc. has announced a cash dividend of $0.35 per share, which will be paid on February 18, 2025, to stockholders on record as of February 10, 2025. This marks the company's 30th consecutive year of dividend payments. President Donna Vigilante expressed satisfaction with the Board's decision to maintain the dividend, consistent with the previous distribution in July 2024. United-Guardian, which produces cosmetic ingredients, medical lubricants, and pharmaceuticals, emphasized that future dividends will continue to be assessed in relation to the company's earnings and best interests. The press release also includes a disclaimer regarding forward-looking statements and potential risks affecting the company's performance.
Potential Positives
- The declaration of a cash dividend of $0.35 per share demonstrates the company's commitment to returning value to its shareholders.
- This marks the 30th consecutive year that United-Guardian has paid a dividend, indicating consistent financial stability and a strong track record.
- The company's ability to maintain dividend payments suggests confidence in its ongoing financial health and earnings potential.
- Continuity in dividend distribution reflects positively on management's strategy and operational success in the cosmetic and pharmaceutical sectors.
Potential Negatives
- The announcement of a cash dividend could suggest that the company is prioritizing short-term returns over long-term investments, which may raise concerns among investors about the company’s future growth prospects.
- By issuing a dividend that is consistent with the previous distribution, there may be implications that the company is not experiencing significant financial growth or improvement, potentially leading to investor dissatisfaction.
- The cautionary note regarding forward-looking statements highlights inherent uncertainties and risks, which could lead to decreased confidence among stakeholders about the company's future performance.
FAQ
What is the cash dividend declared by United-Guardian?
The Board of Directors declared a cash dividend of $0.35 per share.
When will the cash dividend be paid?
The cash dividend will be paid on February 18, 2025.
What is the record date for the dividend distribution?
The record date is February 10, 2025, at the close of business.
How long has United-Guardian been paying dividends?
This will be the 30th consecutive year that United-Guardian has paid a dividend.
Who is the President of United-Guardian?
Donna Vigilante is the President of United-Guardian.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UG Hedge Fund Activity
We have seen 9 institutional investors add shares of $UG stock to their portfolio, and 14 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 20,973 shares (-65.0%) from their portfolio in Q3 2024, for an estimated $333,051
- NORTHSTAR GROUP, INC. removed 10,590 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $101,240
- TETON ADVISORS, INC. removed 10,500 shares (-16.1%) from their portfolio in Q3 2024, for an estimated $166,740
- ESSEX INVESTMENT MANAGEMENT CO LLC added 7,925 shares (+inf%) to their portfolio in Q3 2024, for an estimated $125,849
- UBS GROUP AG removed 5,487 shares (-18.1%) from their portfolio in Q3 2024, for an estimated $87,133
- RENAISSANCE TECHNOLOGIES LLC removed 5,200 shares (-2.8%) from their portfolio in Q3 2024, for an estimated $82,576
- RODGERS BROTHERS INC. removed 5,000 shares (-4.9%) from their portfolio in Q3 2024, for an estimated $79,400
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HAUPPAUGE, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- United-Guardian, Inc. (NASDAQ:UG) announced today that the company's Board of Directors, at its meeting on January 27, 2025, declared a cash dividend of $0.35 per share, to be paid on February 18, 2025, to all stockholders of record as of the close of business on February 10, 2025. This will be the 30 th consecutive year that the company has paid a dividend.
Donna Vigilante, President of United-Guardian, stated, “I am pleased to report that the company’s Board of Directors has decided to distribute a dividend of $0.35 per share to our stockholders. This dividend is consistent with the dividend we previously distributed in July of 2024. We will continue to monitor our earnings and provide dividends to our stockholders when it is in the best interest of the company and its stockholders to do so.”
United-Guardian is a manufacturer of cosmetic ingredients, medical lubricants, sexual wellness ingredients and pharmaceuticals.
Contact: |
Donna Vigilante
(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 our 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.