Universal Display Corporation (OLED) to Issue Quarterly Dividend of $0.50 on March 31st

Universal Display Corporation (NASDAQ:OLED) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.50 per share by the semiconductor company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, March 17th. This is a 11.1% increase from Universal Display’s previous quarterly dividend of $0.45.

Universal Display has increased its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 8 years. Universal Display has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 NASDAQ OLED opened at $104.07 on Friday. The business has a 50-day moving average of $119.79 and a 200-day moving average of $130.44. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 3.29 and a beta of 1.63. Universal Display has a fifty-two week low of $103.35 and a fifty-two week high of $164.29.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 19th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.11. The business had revenue of $172.93 million for the quarter, compared to analyst estimates of $173.35 million. Universal Display had a return on equity of 14.19% and a net margin of 37.21%.Universal Display’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, sell-side analysts expect that Universal Display will post 4.71 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OLED. Invesco Ltd. lifted its position in Universal Display by 47.1% during the fourth quarter. Invesco Ltd. now owns 219,059 shares of the semiconductor company’s stock worth $25,582,000 after acquiring an additional 70,141 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Universal Display by 4.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,096 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 227 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Universal Display by 16.0% during the fourth quarter. Vident Advisory LLC now owns 3,519 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 486 shares during the period. Mackenzie Financial Corp acquired a new stake in Universal Display during the 4th quarter worth approximately $364,000. Finally, Sunstone Asset Management L.P. acquired a new stake in Universal Display during the 4th quarter worth approximately $1,076,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

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.