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

Rhea-AI Summary

Universal Display (Nasdaq: OLED) has announced a fourth quarter cash dividend of $0.40 per share on the Company's common stock. The dividend will be paid on December 31, 2024, to shareholders of record on December 17, 2024. The company states this dividend reflects their expected continued cash flow generation and commitment to return capital to shareholders. Universal Display is a leader in OLED technologies and materials, owning or licensing over 6,000 patents worldwide for their UniversalPHOLED® technology used in display and solid-state lighting applications.

Positive

• Maintaining quarterly dividend of $0.40 per share indicates stable cash flow
• Strong intellectual property portfolio with over 6,000 patents

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• 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 fourth quarter cash dividend of $0.40 per share on the Company's common stock. The dividend is payable on December 31, 2024, to shareholders of record on December 17, 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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(OLED-C)

View source version on businesswire.com: https://www.businesswire.com/news/home/20241030534618/en/

Universal Display:

Darice Liu

investor@oled.com

media@oled.com

+1 609-964-5123

Source: Universal Display Corporation

FAQ

When will Universal Display (OLED) pay its Q4 2024 dividend?

Universal Display will pay its Q4 2024 dividend of $0.40 per share on December 31, 2024, to shareholders of record as of December 17, 2024.

What is the dividend amount for Universal Display (OLED) in Q4 2024?

Universal Display 's Q4 2024 dividend is $0.40 per share.

What is the record date for Universal Display 's (OLED) Q4 2024 dividend?

The record date for Universal Display 's Q4 2024 dividend is December 17, 2024.