Universal Display Co. (OLED) to Issue Quarterly Dividend of $0.45 on March 31st

Universal Display Co. (NASDAQ:OLED) declared a quarterly dividend on Friday, February 21st, 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 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.40.

Universal Display has increased its dividend by an average of 26.0% annually over the last three years. Universal Display has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Display to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 29.6%.

Universal Display Trading Up 6.8 %

NASDAQ:OLED opened at $157.30 on Friday. The firm has a 50-day moving average price of $148.41 and a two-hundred day moving average price of $173.80. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The company has a market capitalization of $7.47 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. On average, equities research analysts predict that Universal Display will post 4.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Susquehanna lowered their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday. Roth Mkm lifted their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group lowered their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen lowered their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Citigroup lowered their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Company Profile

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.