Universal Display Corporation (OLED) to Distribute Quarterly Dividend of $0.50 on September 30th

Universal Display Corporation (NASDAQ:OLED) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.50 per share by the semiconductor company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th.

Universal Display has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 8 years. Universal Display has a dividend payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Display to earn $4.97 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 40.2%.

Universal Display Stock Down 0.2%

Shares of NASDAQ OLED opened at $80.16 on Friday. Universal Display has a 52 week low of $76.42 and a 52 week high of $153.38. The firm’s fifty day moving average is $85.44 and its 200 day moving average is $97.14. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 19.41 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $152.16 million during the quarter, compared to analyst estimates of $157.54 million. Universal Display had a net margin of 32.24% and a return on equity of 11.27%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. Equities research analysts anticipate that Universal Display will post 4.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OLED. Needham & Company LLC decreased their price objective on shares of Universal Display from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday. The Goldman Sachs Group set a $135.00 target price on shares of Universal Display in a report on Tuesday, April 21st. Roth Capital set a $168.00 target price on Universal Display in a research note on Friday, May 1st. Susquehanna reduced their price target on Universal Display from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Citigroup lowered their price target on Universal Display from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Universal Display presently has a consensus rating of “Hold” and an average price target of $118.83.

Universal Display Company Profile

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.