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

Universal Display Corporation (NASDAQ:OLED) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Thursday, December 17th will be given a dividend of $0.50 per share by the semiconductor company on Thursday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 17th.

Universal Display has increased its dividend payment by an average of 0.2% annually 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 $4.80 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 41.7%.

Universal Display Price Performance

NASDAQ:OLED opened at $90.41 on Thursday. The firm has a market cap of $4.16 billion, a PE ratio of 21.89 and a beta of 1.53. The firm has a 50 day simple moving average of $80.83 and a 200-day simple moving average of $92.62. Universal Display has a 1-year low of $70.77 and a 1-year high of $152.24.

Universal Display (NASDAQ:OLED) last released its earnings results on Wednesday, October 28th. The semiconductor company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. The firm had revenue of $160.43 million for the quarter, compared to the consensus estimate of $162.72 million. Universal Display had a return on equity of 11.35% and a net margin of 32.24%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts expect that Universal Display will post 4.17 earnings per share for the current fiscal year.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. The company’s portfolio includes phosphorescent OLED (PHOLED) materials, which are designed to improve display efficiency, along with OLED research, development and manufacturing technologies.

Universal Display supplies OLED emitter materials and related products to display manufacturers and licenses its intellectual property and technology.