Welcome to our dedicated page for Universal Display news (Ticker: $OLED), a resource for investors and traders seeking the latest updates and insights on Universal Display stock.
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Universal Display (Nasdaq: OLED) announced a quarterly cash dividend of $0.40 per share payable on June 28, 2024, to shareholders of record on June 14, 2024. The dividend reflects the company's commitment to returning capital to shareholders based on expected cash flow generation. Universal Display specializes in OLED technologies and materials for energy-efficient displays and lighting applications.
Universal Display (Nasdaq: OLED) reported strong financial results for Q1 2024, with total revenue of $165.3 million, up from $130.5 million in Q1 2023. Material sales revenue increased to $93.3 million, while royalty and license fees reached $68.3 million. The company's gross margin improved to 78%, with operating income of $62.9 million. Net income was $56.9 million or $1.19 per diluted share. UDC revised its 2024 revenue guidance to $635 million to $675 million. Additionally, a second quarter cash dividend of $0.40 per share was announced.
