Universal Display Corporation (OLED) To Go Ex-Dividend on December 17th

Universal Display Corporation (NASDAQ:OLED) declared a quarterly dividend on Tuesday, November 4th. 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) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 17th.

Universal Display has raised its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Universal Display has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

OLED stock opened at $118.18 on Monday. The business’s 50-day moving average is $131.33 and its two-hundred day moving average is $141.73. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 3.63 and a beta of 1.62. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $165.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.27). The business had revenue of $139.61 million for the quarter, compared to analysts’ expectations of $165.56 million. Universal Display had a net margin of 34.65% and a return on equity of 14.10%. Universal Display’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. Equities analysts predict that Universal Display will post 4.71 earnings per share for the current 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.