Universal Display Co. (NASDAQ:OLED) Declares $0.40 Quarterly Dividend

Universal Display Co. (NASDAQ:OLED - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.40 per share by the semiconductor company on Tuesday, December 31st. This represents a $1.60 annualized dividend and a yield of 0.89%. The ex-dividend date is Tuesday, December 17th.

Universal Display has raised its dividend payment by an average of 32.6% per year over the last three years. Universal Display has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Universal Display to earn $5.34 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 30.0%.

Universal Display Stock Down 0.0 %

Shares of OLED stock traded down $0.07 on Friday, reaching $180.25. The company's stock had a trading volume of 737,082 shares, compared to its average volume of 369,709. The company has a market capitalization of $8.55 billion, a P/E ratio of 36.19, a PEG ratio of 2.17 and a beta of 1.42. Universal Display has a 12-month low of $138.60 and a 12-month high of $237.00. The stock's 50 day simple moving average is $201.32 and its 200-day simple moving average is $193.94.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.20. Universal Display had a return on equity of 16.01% and a net margin of 36.98%. The firm had revenue of $161.63 million for the quarter, compared to analysts' expectations of $165.28 million. During the same quarter last year, the firm posted $1.08 EPS. The company's revenue was up 14.6% compared to the same quarter last year. Research analysts expect that Universal Display will post 4.81 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Susquehanna increased their price target on shares of Universal Display from $170.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. The Goldman Sachs Group lifted their price target on Universal Display from $208.00 to $243.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Needham & Company LLC reduced their price objective on Universal Display from $242.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday. Oppenheimer dropped their target price on Universal Display from $240.00 to $220.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.63.

About Universal Display

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.