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

Universal Display Corporation (NASDAQ:OLED) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.50 per share by the semiconductor company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, June 16th.

Universal Display has raised its dividend by an average of 0.2%per year over the last three years and has raised 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 $5.40 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 37.0%.

Universal Display Price Performance

Universal Display stock traded up $6.81 during trading hours on Friday, reaching $93.90. The stock had a trading volume of 1,647,644 shares, compared to its average volume of 783,737. The stock has a market cap of $4.39 billion, a PE ratio of 18.52, a PEG ratio of 7.27 and a beta of 1.65. Universal Display has a 52 week low of $83.64 and a 52 week high of $163.21. The company has a fifty day simple moving average of $96.82 and a 200-day simple moving average of $115.15.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.37). The firm had revenue of $142.21 million during the quarter, compared to the consensus estimate of $161.23 million. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.Universal Display’s revenue was down 14.5% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. Research analysts predict that Universal Display will post 4.82 earnings per share for the current fiscal 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.