Universal Display Corporation (NASDAQ:OLED) Shares Set to Pay Quarterly Dividend of $0.50

Universal Display Corporation (NASDAQ:OLED) announced a quarterly dividend on Wednesday, October 28th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 17th.

Universal Display has raised its dividend payment by an average of 0.2% annually over the last three years and has raised 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 Performance

NASDAQ OLED opened at $90.41 on Thursday. Universal Display has a one year low of $70.77 and a one year high of $152.24. The stock has a 50-day moving average of $80.83 and a 200 day moving average of $92.62. 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 (NASDAQ:OLED) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The firm had revenue of $160.43 million for the quarter, compared to the consensus estimate of $162.72 million. Universal Display had a return on equity of 11.35% and a net margin of 32.24%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, equities analysts predict that Universal Display will post 4.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in Universal Display in the second quarter worth about $14,592,000. NewEdge Wealth LLC bought a new position in shares of Universal Display during the second quarter valued at approximately $2,032,000. GSA Capital Partners LLP purchased a new stake in shares of Universal Display in the second quarter worth approximately $2,025,000. Tidal Investments LLC raised its holdings in shares of Universal Display by 84.0% in the second quarter. Tidal Investments LLC now owns 25,257 shares of the semiconductor company’s stock worth $2,187,000 after buying an additional 11,529 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Universal Display by 776.6% during the 1st quarter. Quantinno Capital Management LP now owns 251,218 shares of the semiconductor company’s stock worth $23,027,000 after acquiring an additional 222,561 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Company Profile

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.