Universal Display Corporation to Issue Quarterly Dividend of $0.50 (NASDAQ:OLED)

Universal Display Corporation (NASDAQ:OLED) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.50 per share by the semiconductor company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 16th.

Universal Display has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 8 years. Universal Display has a dividend payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Universal Display to earn $4.97 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 40.2%.

Universal Display Stock Performance

Universal Display stock opened at $80.36 on Friday. The company’s 50 day simple moving average is $85.73 and its 200-day simple moving average is $97.26. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.94 and a beta of 1.54. Universal Display has a 1 year low of $77.15 and a 1 year high of $153.38.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $157.54 million. During the same period in the prior year, the business posted $1.41 EPS. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts expect that Universal Display will post 4.23 earnings per share for the current year.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.