Verizon to cut 15,000 jobs amid growing competition pressures - WSJ
EWING, N.J. - Universal Display Corporation (NASDAQ:OLED) announced Thursday that its Board of Directors has approved a fourth quarter cash dividend of $0.45 per share on the company’s common stock. According to InvestingPro data, the company has raised its dividend for 8 consecutive years, with a current annual dividend yield of 1.23% and recent dividend growth of 12.5%.
The dividend will be payable on December 31, 2025, to shareholders of record on December 17, 2025, according to a press release statement from the OLED technology and materials provider.
The company indicated that the dividend reflects its expected continued cash flow generation and commitment to return capital to shareholders. Universal Display noted that future dividends will be subject to Board approval. The company’s strong financial position is evident with InvestingPro analysis showing it holds more cash than debt on its balance sheet and maintains an impressive current ratio of 8.05.
Universal Display Corporation develops and commercializes organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. The company owns or exclusively licenses more than 6,500 patents issued and pending worldwide.
The company’s proprietary UniversalPHOLED phosphorescent OLED technology is designed to enable energy-efficient displays and lighting products. Universal Display also develops and supplies OLED materials to manufacturers in the industry.
In other recent news, Universal Display Corporation reported its earnings for the second quarter of 2025, highlighting a strong financial performance with notable revenue growth. The company’s revenue for the quarter reached $172 million, up from $159 million in the same period last year. Net income was reported at $67 million, translating to $1.40 per diluted share. Universal Display also adjusted its full-year revenue guidance, now projecting a range between $650 million and $700 million. These developments underscore the company’s positive financial trajectory. While the stock experienced a decline in aftermarket trading, the focus remains on the company’s financial results and future guidance. Investors may find these earnings and projections significant as they assess the company’s ongoing performance.
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