Why United-Guardian Shares Are Rising Today
Portfolio Pulse from Nabaparna Bhattacharya
United-Guardian, Inc. (NASDAQ:UG) shares rose by 5.28% to $8.26 after announcing a significant dividend increase to $0.25 per share, payable on February 20, 2024. This marks the 29th consecutive year of dividend payments, with the increase supported by expanded marketing activities and a strategic focus on growth. Despite a 7% rise in the last six months, UG underperformed the S&P 500.
February 02, 2024 | 4:12 pm
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United-Guardian announced a dividend increase to $0.25 per share, marking its 29th consecutive year of dividends, supported by expanded marketing and a strategic growth focus.
The significant increase in dividend to $0.25 per share from $0.10 and the strategic marketing and growth initiatives are likely to boost investor confidence and attract dividend investors, contributing to the short-term positive price movement.
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