Universal Display Corporation Announces Quarterly Cash Dividend of $0.40 per Share
01 Agosto 2024 - 3:06PM
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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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
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