Universal Display Co. (NASDAQ:OLED) to Issue Quarterly Dividend of $0.45

Universal Display Co. (NASDAQ:OLED) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.45 per share by the semiconductor company on Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40.

Universal Display has increased its dividend by an average of 26.0% annually over the last three years. Universal Display has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Display to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 29.6%.

Universal Display Stock Up 6.8 %

Shares of OLED stock opened at $157.30 on Friday. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Universal Display has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The firm’s 50 day moving average price is $148.41 and its two-hundred day moving average price is $173.80.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, equities analysts forecast that Universal Display will post 4.71 EPS for the current fiscal year.

Analysts Set New Price Targets

OLED has been the topic of a number of recent research reports. Oppenheimer reduced their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Roth Mkm upped their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group decreased their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Finally, TD Cowen decreased their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

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.