Universal Display Corporation (NASDAQ:OLED) Declares Quarterly Dividend of $0.45

Universal Display Corporation (NASDAQ:OLED) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 17th will be given a dividend of 0.45 per share by the semiconductor company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 17th.

Universal Display has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 8 years. Universal Display has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Universal Display to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 33.3%.

Universal Display Price Performance

Shares of OLED traded down $17.22 during mid-day trading on Friday, hitting $118.13. The company’s stock had a trading volume of 1,439,760 shares, compared to its average volume of 648,196. The firm has a 50-day moving average price of $143.66 and a 200 day moving average price of $145.65. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $182.77. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 4.38 and a beta of 1.60.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). The business had revenue of $139.61 million for the quarter, compared to the consensus estimate of $165.56 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.