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

Universal Display Corporation (NASDAQ:OLED) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 17th will be paid 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 payment by an average of 0.3%annually 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% meaning its dividend is sufficiently covered by earnings. 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 $1.80 annual dividend with an expected future payout ratio of 33.3%.

Universal Display Price Performance

Shares of OLED traded down $18.31 during trading hours on Friday, hitting $117.03. 1,100,899 shares of the company were exchanged, compared to its average volume of 646,602. The company has a market capitalization of $5.56 billion, a PE ratio of 22.72, a PEG ratio of 4.38 and a beta of 1.60. The firm has a fifty day simple moving average of $143.66 and a 200-day simple moving average of $145.65. Universal Display has a one year low of $103.70 and a one year high of $182.77.

Universal Display (NASDAQ:OLED) last released its quarterly 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). Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company had revenue of $139.61 million during the quarter, compared to analyst estimates of $165.56 million. During the same quarter last year, the business earned $1.40 EPS. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. Sell-side analysts expect that Universal Display will post 4.71 EPS 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.