Universal Display Co. (NASDAQ:OLED) Declares Dividend Increase - $0.45 Per Share

Universal Display Co. (NASDAQ:OLED - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.45 per share by the semiconductor company on Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.40.

Universal Display has increased its dividend by an average of 26.0% per year over the last three years. Universal Display has a dividend payout ratio of 32.0% meaning 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 0.4 %

NASDAQ OLED traded down $0.58 during trading on Tuesday, reaching $157.32. 930,568 shares of the stock traded hands, compared to its average volume of 737,257. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Universal Display has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The stock's 50-day moving average price is $148.42 and its 200 day moving average price is $173.76.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Analysts anticipate that Universal Display will post 4.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna reduced their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday. Needham & Company LLC reduced their price target on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday. Oppenheimer decreased their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Roth Mkm boosted their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday. Finally, The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

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.