Universal Display Co. (OLED) To Go Ex-Dividend on March 17th

Universal Display Co. (NASDAQ:OLED) 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.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. As a group, research analysts expect that Universal Display will post 4.71 EPS for the current fiscal year.

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.

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.