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

Key Points

• Universal Display declared a quarterly dividend of $0.50 per share, payable December 31 to shareholders of record on December 17. The dividend is annualized at $2.00 per share, yielding approximately 2.2%.
• The company has increased its dividend for eight consecutive years, with a current payout ratio of 35.3%; analysts expect future earnings to support the $2.00 annual dividend.
• Universal Display reported quarterly EPS of $1.23, exceeding estimates of $1.13, while revenue rose 14.9% year over year to $160.43 million, slightly below expectations.

Universal Display Corporation (NASDAQ:OLED - Get Free Report) 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 annualized dividend 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 annually for the last 8 consecutive years. Universal Display has a payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 0.1%

NASDAQ OLED opened at $90.41 on Thursday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.89 and a beta of 1.53. Universal Display has a twelve month low of $70.77 and a twelve month high of $152.24. The stock's 50-day simple moving average is $80.83 and its two-hundred day simple moving average is $92.62.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Wednesday, October 28th. The semiconductor company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.10. Universal Display had a return on equity of 11.35% and a net margin of 32.24%. The company had revenue of $160.43 million during the quarter, compared to analyst estimates of $162.72 million. During the same quarter in the previous year, the company posted $0.92 EPS. Universal Display's revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities 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.

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