United-Guardian declares $0.10/share mid-year dividend; retains more earnings for growth

UNITED GUARDIAN INC

Cash dividend of $0.10/share, payable Aug 2, 2023 to holders of record July 26, 2023.
28th consecutive year of dividend payments; payout ratio lower than prior years.
Board chooses to retain higher portion of earnings to fund anticipated growth strategy.
President cites need for additional long-term capital to increase future shareholder returns.

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