STOCK TITAN

Universal Display Corporation Increases Quarterly Cash Dividend to $0.35 per Share

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Universal Display Corporation (Nasdaq: OLED) announced an increase in its cash dividend to $0.35 per share for Q1 2023, up from $0.30 in the previous quarter. The dividend is payable on March 31, 2023, to shareholders of record by March 17, 2023. This increase reflects the company’s confidence in ongoing cash flow generation and its commitment to returning capital to shareholders. Future dividends will depend on Board approval.

Universal Display is a leader in OLED technology, holding over 5,500 patents globally, and focuses on energy-efficient displays and lighting solutions.

Positive
  • Increased dividend from $0.30 to $0.35 per share reflects strong cash flow generation.
  • Commitment to return capital to shareholders supports investor confidence.
  • Company holds over 5,500 patents, indicating strong intellectual property position.
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 an increased cash dividend of $0.35 per share on the Company's common stock for the first quarter, up from the previous quarter’s dividend of $0.30 per share. The dividend is payable on March 31, 2023, to shareholders of record on March 17, 2023. 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 5,500 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, 2022. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Follow Universal Display Corporation

Twitter
Facebook
YouTube

(OLED-C)

Universal Display Contact:

Darice Liu

investor@oled.com

media@oled.com

+1 609-964-5123

Source: Universal Display Corporation

FAQ

What is the new dividend amount for Universal Display Corporation (OLED)?

The new dividend amount is $0.35 per share for Q1 2023.

When will the dividend be paid to shareholders of OLED?

The dividend will be payable on March 31, 2023.

What is the record date for the OLED dividend?

The record date for the dividend is March 17, 2023.

What factors affect the future dividends of Universal Display Corporation?

Future dividends are subject to Board approval.

How many patents does Universal Display Corporation hold?

Universal Display Corporation holds over 5,500 patents worldwide.

Universal Display Corp

NASDAQ:OLED

OLED Rankings

OLED Latest News

OLED Stock Data

7.98B
43.75M
7.78%
86.78%
3.59%
Electronic Components
Electronic Components & Accessories
Link
United States of America
EWING