Universal Display Corporation Announces Quarterly Cash Dividend of $0.40 per Share

Rhea-AI Summary

Universal Display (Nasdaq: OLED) has announced a quarterly cash dividend of $0.40 per share on its common stock. The dividend will be payable on September 30, 2024, to shareholders of record on September 16, 2024. This decision reflects the company's expected continued cash flow generation and commitment to returning capital to shareholders.

Universal Display is a leader in OLED technologies and materials for display and solid-state lighting applications. The company owns or has exclusive rights to over 6,000 patents worldwide, including its high-efficiency UniversalPHOLED® phosphorescent OLED technology. Universal Display licenses its technologies and develops high-quality OLED materials, while also providing customized solutions to clients through technology transfer and collaborative development.

Positive

• Declared quarterly cash dividend of $0.40 per share
• Expected continued cash flow generation
• Owns or has exclusive rights to over 6,000 patents worldwide
• Leader in OLED technologies and materials for display and lighting applications

Negative

• None.

EWING, N.J.--(BUSINESS WIRE)-- Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED^® technology and materials, today announced that its Board of Directors approved a third quarter cash dividend of $0.40 per share on the Company's common stock. The dividend is payable on September 30, 2024, to shareholders of record on September 16, 2024. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval.

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 6,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other Company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240801492653/en/

Universal Display:

Darice Liu

investor@oled.com

media@oled.com

+1 609-964-5123

Source: Universal Display Corporation

FAQ

What is the amount of Universal Display 's (OLED) quarterly dividend for Q3 2024?

Universal Display (OLED) has declared a quarterly cash dividend of $0.40 per share for the third quarter of 2024.

When will Universal Display (OLED) pay its Q3 2024 dividend?

The dividend will be payable on September 30, 2024, to shareholders of record on September 16, 2024.

How many patents does Universal Display (OLED) own or have rights to?

Universal Display (OLED) owns, exclusively licenses, or has the sole right to sublicense more than 6,000 patents issued and pending worldwide.

What is Universal Display 's (OLED) main technology focus?

Universal Display (OLED) focuses on organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications, including their proprietary UniversalPHOLED® phosphorescent OLED technology.