Universal Display Co. (NASDAQ:OLED – Get Free Report) announced a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid 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 1.20%. The ex-dividend date of this dividend is Monday, March 17th. This is a 12.5% increase from Universal Display’s previous quarterly dividend of $0.40.
Universal Display has increased its dividend payment by an average of 26.0% per year over the last three years. Universal Display has a dividend payout ratio of 31.8% indicating that 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 $1.80 annual dividend with an expected future payout ratio of 33.3%.
Universal Display Stock Up 1.7 %
Shares of OLED stock opened at $150.35 on Friday. The business has a 50-day moving average price of $148.98 and a two-hundred day moving average price of $171.07. Universal Display has a 12-month low of $140.17 and a 12-month high of $237.00. The firm has a market cap of $7.14 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on OLED. Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Citigroup lowered their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com lowered Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Finally, Needham & Company LLC lowered their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.
Get Our Latest Stock Analysis on Universal Display
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.
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