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

Key Points

• Universal Display Corporation will pay a quarterly dividend of $0.45 per share, with shareholders of record on September 16th receiving the payment on September 30th.
• The company has a Payout Ratio of 31.8%, indicating the dividend is well-supported by earnings, with analysts anticipating earnings of $5.41 per share for the next year.
• Universal Display's stock recently traded at $144.40, down $2.05, with a market capitalization of $6.86 billion and notable performance metrics including a PE ratio of 30.02 and a beta of 1.51.

Universal Display Corporation (NASDAQ:OLED - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.45 per share by the semiconductor company on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 1.2%.

Universal Display has a payout ratio of 31.8% meaning 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 traded down $2.05 during trading on Thursday, hitting $144.40. The stock had a trading volume of 1,103,576 shares, compared to its average volume of 667,294. The company has a market capitalization of $6.86 billion, a PE ratio of 30.02, a PEG ratio of 1.60 and a beta of 1.51. Universal Display has a twelve month low of $103.70 and a twelve month high of $225.47. The stock has a 50 day simple moving average of $152.45 and a two-hundred day simple moving average of $145.14.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.20 by $0.21. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. On average, equities research analysts anticipate 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.

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