Universal Display Co. (NASDAQ:OLED) announced a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.10 per share by the semiconductor company on Friday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, June 13th.
OLED traded up $13.73 during trading on Friday, reaching $170.33. 5,598,417 shares of the stock traded hands, compared to its average volume of 850,377. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 137.36, a PEG ratio of 2.62 and a beta of 1.41. Universal Display has a fifty-two week low of $78.75 and a fifty-two week high of $190.00.
Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.35. Universal Display had a return on equity of 8.85% and a net margin of 23.78%. The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $64.59 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue was up 101.4% compared to the same quarter last year. As a group, research analysts forecast that Universal Display will post 2.03 earnings per share for the current year.
In related news, Director Richard C. Elias sold 1,250 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $153.38, for a total transaction of $191,725.00. Following the transaction, the director now directly owns 1,250 shares in the company, valued at $191,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julia J. Brown sold 17,539 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $160.00, for a total value of $2,806,240.00. Following the transaction, the insider now owns 125,657 shares in the company, valued at $20,105,120. The disclosure for this sale can be found here. Insiders sold 25,039 shares of company stock worth $3,907,465 over the last quarter. 4.00% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Week Herald and is the property of of Week Herald. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://weekherald.com/2019/05/03/universal-display-co-oled-announces-quarterly-dividend-of-0-10.html.
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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.
Read More: What is Cost of Goods Sold (COGS)?
Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.