Universal Display Corporation (OLED) to Issue Quarterly Dividend of $0.45 on December 31st

Universal Display Corporation (NASDAQ:OLED) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 17th will be given 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 1.4%. The ex-dividend date is Wednesday, December 17th.

Universal Display has increased its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Universal Display has a dividend payout ratio of 31.8% indicating that 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 Stock Down 7.7%

Shares of OLED stock opened at $124.93 on Friday. Universal Display has a 12-month low of $103.70 and a 12-month high of $182.77. The company has a 50 day moving average of $143.39 and a 200-day moving average of $145.72. The firm has a market cap of $5.94 billion, a P/E ratio of 24.40, a PEG ratio of 4.38 and a beta of 1.60.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27). The firm had revenue of $139.61 million for the quarter, compared to the consensus estimate of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. Universal Display’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period last year, the company posted $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Universal Display will post 4.71 EPS for the current year.

Institutional Investors Weigh In On Universal Display

A number of institutional investors and hedge funds have recently modified their holdings of OLED. Synovus Financial Corp boosted its position in shares of Universal Display by 2.3% in the third quarter. Synovus Financial Corp now owns 8,776 shares of the semiconductor company’s stock valued at $1,260,000 after acquiring an additional 200 shares during the period. Crestwood Advisors Group LLC lifted its stake in Universal Display by 1.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 134,212 shares of the semiconductor company’s stock worth $19,277,000 after purchasing an additional 2,506 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Universal Display by 142.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 3,290 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 1,934 shares during the period. Vanguard Group Inc. boosted its holdings in Universal Display by 10.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,069,107 shares of the semiconductor company’s stock valued at $728,076,000 after purchasing an additional 460,792 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Universal Display by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 472,363 shares of the semiconductor company’s stock valued at $67,846,000 after purchasing an additional 14,356 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

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.